NEW YORK (TheStreet) -- Crude oil inventories have fallen. TheStreet's Joe Deaux spoke to Ray Carbone, president of Paramount Options, about how that might affect energy prices. 

WTI crude oil prices have remained in a tight range since the Energy Information Administration report Wednesday. Brent crude oil has ticked slightly higher. 

Carbone said the market has remained pretty quiet heading into the holidays, a time where trading volumes are generally light. 

He added that the pending monetary policy announcement from the Federal Reserve is also responsible for keeping many traders on the sidelines because that announcement could violently push the market in one direction or another. 

So with only a handful of trading days left in 2013, what should investors expect for the price of WTI crude oil? Carbone thinks it is most likely to remain rangebound between $92.50 and $100.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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