Crude Oil Prices Lower

Our WorldWatch reported that crude oil prices were lower on Monday despite rising geopolitical tensions in two oil-producing regions after Algeria’s oil minister said that there is a possibility that the Organization of Petroleum Exporting Countries could increase production of the market warrants it ... but who will believe them...this is not the first time they say they will increase production...pure SPECULATION..however data released by an organization that tracks the movements of oil tankers said that OPEC exports are already up by around 400,000 barrels per day.
Prices for crude for January delivery fell to $90.63 per barrel by the close of trade on the New York Mercantile Exchange, while January contracts for Brent crude were down to $90.59 per barrel on the ICE Futures Europe exchange in London. Since every excuss is used to obtain crude today Turkish troops have attacked Kurdish rebels inside Iraq while Nigerian militants called for rebel groups in that nation to unite to attack the oil industry there......attack the oil industry !!! they are attacking themselves...

The ability of these reports to affect oil prices is a sign that the market is weak.