US CFTC:WTI crude oil bullish sentiment hit a six-week low, US Commodity Futures Trading Commission (CFTC): In the week of December 10th, the net long position of NYMEX WTI crude oil held by speculators decreased by 12,448 contracts to 103,986 contracts, a six-week low. Net long positions in Brent and WTI crude oil decreased by 11,013 contracts to 215,325 contracts. The net long position of NYMEX gasoline increased to 73,037 contracts, a record high of about eight weeks. The net short position of NYMEX heating oil increased to 46,823 contracts, the highest since the data was recorded in June 2006. The net long position of seven contracts of NYMEX natural gas Henry Hub in the United States fell to 108,908 contracts, a three-week low.Bank deposits in the United States last week were $17.839 trillion, compared with $17.629 trillion in the previous week.Finance Minister of Canada: The government has never intended to hold shares in Air Canada for a long time.
Standard & Poor's: Cyprus is upgraded to A-, and the outlook is stable. The economic and financial situation (in the euro zone) performed well, so the rating was upgraded.Standard & Poor's: With the strong economic growth, the tight fiscal system is supporting the rapid reconstruction of Cyprus' fiscal buffer.Barclays lowered the target price of MGM International Hotel Group from 50.00 to 46.00.
Diesel exports along the Gulf Coast soared to a record high in early December last year.Finance Minister of Canada: In the face of potential tariffs imposed by the United States, Canada will not escalate the situation or give in.US officials said that the US military had sent Travis Timmerman, an American detained in Syria, out of the country.