Energy Preview: Crude Eases In Last Session

WTI Crude oil futures eased yesterday even as global equities remained supported. The commodity fell 1.3%, closing at $ 54.56, on disappointing US economic data. Crude earlier soared to two-month highs, boosted by OPEC-led supply cuts and US sanctions against Venezuelas petroleum industry. The Commerce Department said factory orders fell by 0.6% in November after jumping by 2.1% in October. Meanwhile, the report said durable goods orders rose by 0.7% in November after plummeting by 4.3% in October. The futures currently trade at $ 54.86 per barrel, up half a percent on the day. MCX Crude ended at Rs 3920 per barrel.