IEA Cuts FY15 Oil Demnd Outlook (USO) (OIL)

WTI crude falls below $60/barrel for first time since 2009 - Bloomberg (OIL)

WTI crude falls below $60/barrel for first time since 2009, according to Bloomberg headlines.

Initial Jobless Claims 294K vs 297K Expected

Initial Jobless Claims 294K vs 297K Expected

UPDATE - More from the Labor Department:

In the week ending December 6, the advance figure for seasonally adjusted initial claims was 294,000, a decrease of 3,000 from the previous week's unrevised level of 297,000. The 4-week moving average was 299,250, an increase of 250 from the previous... More

Nov. MoM Retail Sales Advance 0.7% vs 0.4% Expected, Ex-Auto 0.5% vs 0.1% (XRT)

Nov. MoM Retail Sales Advance 0.7% vs 0.4% Expected, Ex-Auto 0.5% vs 0.1%

UPDATE - More from the Commerce Department

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price... More

WTI crude extends decline, drops to $60.55/barrel - Bloomberg (OIL)

WTI crude extends decline, drops to $60.55/barrel. according to Bloomberg headlines.

Brent crude drops below $45/barrel for the first time since 2009 (OIL) (USO)

Brent crude drops below $45/barrel for the first time since 2009.

OPEC Sees FY15 Demand for Crude as Weakest in 12 Years (USO) (OIL)

(Updated - December 10, 2014 8:00 AM EST)

OPEC says demand for crude in 2015 will be weakest in 12 years.

UPDATE - More from the OPEC report:

Oil market highlights

Crude Oil Price Movements

The OPEC Reference Basket finished down $9.49 at $75.57/b in November, amid increasing supplies and sluggish global growth. ICE Brent fell $8.42 to $79.63/b, while Nymex WTI lost $8.53 to stand at $75.81/b. The Brent-WTI spread widened slightly to average $3.82/b in November.

World Economy

World economic growth for 2014 and 2015 remains unchanged from the previous month at 3.2% and 3.6% respectively. The... More