Crude Oil Stays Above $37 Ahead Of New Year

Crude oil futures were steady Tuesday morning in quiet dealing ahead of some of the year’s last U.S. economic data.

WTI crude oil for February was up 20 cents at $37.10 a barrel, staying away from a recent 6-year low below $35.

Analysts say robust production from OPEC will keep prices low for the the forseeable time.

On the economic front, the Commerce Department is set to release data on international trade in goods at 8:30 am ET.

The Conference Board is due to release the results of its consumer confidence index for December at 10 am ET.

The material has been provided by InstaForex Company – www.instaforex.com

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