The past week extreme pointed on Dec.

The past week extreme pointed on Dec. 17 with January WTI at NYMEX closing the session $557/b higher than January WTI's Dec 10 closing price of $4071/b The Dec 17 closing price was $4628/b January brant at the IPE in London clos the Dec 17 session $601 higher than the Dec 10 of the same height having risen from $37.38/b to $4339 The main causes for the rise were a frigid snap in the US north-east, a discouraging EIA report in succession the level of US oil stocks, and a credible promise of a 750000 b/d fall in OPEC production from Jan. 1 - 500000