On Monday, the U.S. Federal Reserve said that consumer borrowing in the country rose in November to a ten-year high, a sign that Americans are becoming more confident about taking on debt and banks are becoming more confident about lending. Credit surged by $20.40 billion to $2.48 trillion, Federal Reserve said. However, the news had little impact on the markets. February oil futures ticked down 25 cents to close at $101.31 a barrel. In other commodities, February gold futures fell $8.70 to settle at $1,608.10 an ounce as investors struggled to find direction from Europe.