TOKYO Dec 21 U.S. crude stayed above $90 a
barrel on Friday after five days of gains, though prices pulled
back a touch on caution over U.S. budget talks as Republicans in
the U.S. Congress pushed ahead with a plan that stands no chance
of becoming law.
* NYMEX crude for February delivery was down 11 cents
at $90.02 a barrel by 2342 GMT, after settling up 15 cents on
Thursday on thin trading with many operators already off for the
* London Brent crude for February delivery had not
yet traded, after settling down 16 cents at $110.20.
* U.S. House of Representatives Speaker John Boehner's "Plan
B" to limit income-tax increases to the wealthiest sliver of the
population appeared likely to pass the House, but Obama has
vowed to veto the plan.
* On Thursday, oil got some support from U.S. data showing
that the U.S. economy grew faster than previously estimated in
the third quarter.
But that was countered by data that the number of Americans
filing new claims for unemployment aid rose last week to levels
slightly larger than a Reuters poll.
* The world's spare oil production capacity outside of Iran
rose slightly in the last two months, but a seasonal jump in
winter heating consumption led to drawdowns from global stocks,
the U.S. government said on Thursday in a bimonthly report.
* U.S stocks rebounded from early losses on Thursday after
Republican House Speaker John Boehner said he would keep working
on a solution to the "fiscal cliff".
* The yen struggled near multi-month lows against the
greenback and euro on Friday, on track to clinch the title of
worst major performing currency of 2012 as the last full trading
week of the year draws to a close.
* The following data is expected on Friday: (Time in GMT)
- 1330 U.S. Durable goods orders Weekly
- 1930 U.S. CFTC commitment of traders data Weekly
- 2000 U.S. USDA-Cattle on Feed Dec
- 2000 U.S. USDA-Cattle Placed on Fd Nov
- 2000 U.S. USDA-Cattle Marketed Nov
- 2000 U.S. Cold Pork Belly Stocks Nov
- 2000 U.S. Cold Storage-Beef Stocks Nov
- 2000 U.S. Cold Storage- FCOJ Stock Nov
(Reporting by Osamu Tsukimori; Editing by Ed Davies)