OGJ NEWSLETTER

OPEC's lack of decisive action and U.S. refinery utilization at nearly 90% is keeping U.S. crude and products futures prices on the skids. Nymex light sweet crude for January delivery dipped to $18.84/bbl Dec. 9, the lowest level since March 12, when the near term contract settled at $18.83/bbl. "Until OPEC does something that people see as credible or the refiners do something in the way of crude runs, this market isn't going to go up," AP quoted Fred Brill at Pegasus Econometric as

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