Jan. 5th Japan - US CRUDE at lowest level in five years


TOKYO, Jan 5 (Reuters) - U.S. crude futures extended 
declines to a third day on Monday to stay near their lowest 
level in more than five years, hurt by a slew of weak economic 
data in the worlds biggest oil consumer. 

FUNDAMENTALS 
* NYMEX crude for February delivery CLc1 was down 39 cents 
at $52.30 a barrel by 2340 GMT, after settling down 58 cents at 
on Friday. The contract fell as low as $52.03 on Friday, the 
lowest since May 2009. 
* London Brent crude for February delivery LCOc1 was down 
52 cents at $55.90 a barrel, after settling down 91 cents. 
* In a sign of tepid economic conditions, U.S. construction 
spending unexpectedly fell 0.3 percent in November, while the 
pace of growth in the U.S. manufacturing sector slipped to a 
six-month low in December, according to the Institute for Supply 
Management. ID:nL1N0UH0OD 
* Oil prices have been choppy due to thin trading volume at 
the start of the new year, analysts said. A big slide in oil 
prices has accelerated after OPEC declined to restrict oil 
output in November despite pressure from its member nations. 
* The plunge in oil prices in the past six months wont 
affect Kuwaits economic development projects and the 
governmenht will continue to support capital expenditure in the 
economy, Finance Minister Anas al-Saleh said on Sunday. 
ID:nL6N0UJ09Q 

MARKETS NEWS 
* U.S. stocks closed little changed on Friday in the first 
trading session of 2015, finishing well off session highs as 
economic data short-circuited early gains. .N 
* The euro tumbled to its lowest level since early 2006 in 
Asia on Monday as a wave of stop-loss sales were tripped on the 
break of major chart support, sending the U.S. dollar flying 
higher against a range of competitors. USD/ 

DATA/EVENTS 
* The following data is expected on Monday: (Time in GMT) 
- 0135 Japan Manufacturing PMI Dec JPRPMI=ECI 
- 0500 U.S. Total Vehicle Sales Dec USVEH=ECI 
- 1445 U.S. ISM-New York Index Dec USNYBC=ECI 

(Reporting by Osamu Tsukimori; Editing by Eric Walsh) 
((osamu.tsukimori@thomsonreuters.com, +813 6441 1857, Reuters 
Messaging: osamu.tsukimori.thomsonreuters.com@reuters.net;)) 










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