Market Assessment for last week Oil prices headed for the first weekly advance in almost two

months as applications for unemployment benefits in the U.S. fell and negotiators made little progress in talks with Iran in Geneva. Futures were stable after the January contract rallied 1.7 percent yesterday. Jobless claims fell last week to the fewest since Sept. 28, according to Labor Department data. Iran reached no agreement on the first step of a global Accord to resolve a decade-long dispute over its nuclear program. WTI may drop next week as U.S. crude stockpiles Increase, a Bloomberg News survey showed.

Exchange Rate Euro- US Dollar

The euro rose to the highest level in more than four years versus the dollar after a report showed German business confidence climbed in November, signaling the economic recovery in Europes largest economy is strengthening.The euro rose against the dollar after European Central Bank President Mario Draghi played down the possibility of the bank implementing negative deposit rates. Reports on negative rates had pressured the euro on Wednesday, adding to losses after the Fed minutes came out.Minutes from the U.S. central bank's last policy meeting in October showed officials felt there was room to begin scaling back the Fed's $85 billion monthly bond purchase program at one of their next few meetings if warranted by economic conditions.Many market participants expect the Fed to start reducing its bond purchases in March 2014. Product Kerosene Auto Diesel SF Gasoil Gasoil Unleaded Monday 18-11-2013 -0.30 -0.33 -0.32 -0.32 -0.38 Tuesday 19-11-2013 +0.21 +0.25 +0.25 +0.14 +0.37 Wednesday 20-11-2013 +0.03 -0.05 -0.05 -0.14 -0.36 Thursday 21-11-2013 +0.99 +1.10 +1.07 +0.99 +0.94 Friday 22-11-2013 +0.70 +0.63 +0.63 +0.69 +0.54 Mon- Fri weekly Avg +1.63 +1.60 +1.58 +1.36 +1.11