The rating agency Fitch has released its report for North America. It rates the North American countries as stable, including the US. The US debt has been growing and it is in record levels, but Fitch says that the financing flexibility balances the risk of a growing debt. Below are some of the highlights from the report:
The consolidation pattern for January WTI crude oil futures between $52.00 and $50.00 continues for a third-straight session. Traded volumes are heavy, with over 425,000 contracts changing hands for January alone. In the wake of today’s positive EIA crude oil stocks report, energies players are taking a bearish stance towards global oil.