With the being at the highest level for the last thirty years on a seasonal basis, oil is losing value after increasing the number of active oil wells by the U.S. corporations. Oil futures contracts in New York fell 0.7% today after losing value of 0.2% at the closing period of last week. According to the limiting oil production speculations on the market at the last times with Petroleum Exporting Countries (OPEC) decision, fluttered around the 50 USD level for per barrel.  OPEC will create a committee about solving the problems about the oil production limiting issue, Libyan production cutbacks are also exempted from the decision.

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  Chinese Consumer Price Index stayed under the expectations

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  The global markets are following latest developments of Fed

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  Global markets are pricing "Noel holiday" with lower volatility

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  Oil continues its Trend over 50 USD

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  Global markets are following a quiet trend with starting the Noel holiday

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  Brent oil tested the 56.00 USD level

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  The expectations about interest increase is getting stronger

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  Fed increases interest rate by 25 base points

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  Oil prices are taking support from the possibility of OPEC agreement

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  Dollar / TL continues to rise before FED decision