Updated from 11:58 a.m. EST
Crude futures gave back ground Monday amid forecasts of a warmer-than-average week and OPEC predictions of sluggish crude demand next year.
The National Oceanic and Atmospheric Administration predicts heating degree days will be 24% lower in the Northeast and 27% lower in the Middle Atlantic this week. A heating degree day is a unit of measurement that compares temperature against heating demand for a particular day. Those two areas together use the most heating oil in the world.
After a cold snap two weeks ago, mild weather has returned to the Northeast just as winter officially begins on Thursday. Warm weather has helped boost fuel supplies, cap energy prices and limit the effect of OPEC's previous output reduction of 1.2 million barrels per day in November. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
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UP
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UP
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UP
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10 Yr
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SPDR Gold
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