"The warm weather in the first part of January and slowing economic activities have curbed [North American] oil demand growth," stated OPEC in its Monthly Oil Market Report.
Elsewhere, new data from the International Energy Agency showed OECD oil consumption dropped 0.6% in 2006 as higher prices curbed demand, The Wall Street Journal reports. Turning to the energy complex, Duke Energy(DUK Quote) was ahead by 0.3%, after Lehman Brothers reiterated an overweight rating. In addition, Lehman gave a nod to Calgary-based Canadian Natural Resources(CNQ Quote), again reiterating an overweight rating. The stock rose 1.8%. The energy exchange-traded funds, iPath Goldman Sachs Crude Oil Index(OIL Quote) and U.S. Oil(USO Quote) were up 3.3% and 2.8%, respectively.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |














