01/15/2007
-- NYMEX crude breaks $55/bbl price support The February contract for benchmark US light, sweet crudes broke through former market support to close at $54.02/bbl Jan. 10 on the New York Mercantile Exchange.
01/08/2007
-- Crude suffers severe 2-day loss The February contract price for benchmark US crude fell 9% Jan. 3-4 to near 18-month lows in the first two trading sessions of 2007 on the New York Mercantile Exchange.