•Brent crude oil futures on London's
International Petroleum Exchange were stronger during early electronic
trading Monday, January front month Brent rose 62cts/bbl above Friday's
settle, to trade at $45.51/bbl by 1121GMT, having earlier achieved
$45.74/bbl.
•Benchmark sweet crude futures maintained
their bullish momentum during early trading Monday as concerns about the
adequacy of heating oil stocks in light of cold weather forecasts once
again dominated oil market sentiment. The market was also led higher by
heavy buying and position-squaring ahead of the Thanksgiving holidays
later this week.
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