Brent crude in London climbed after Statoil ASA said it was preparing to halt production from the Norwegian Continental Shelf amid strike action.
WHAT TO WATCH: (ALL TIMES NEW YORK) 11:00 a.m. DOE Energy data 2:00 p.m. USDA Cattle/Hog Slaughter 4:30 p.m. California Weekly Fuels Production/Inventory Report TOP STORIES Statoil Prepares to Halt Norwegian Oil Output Amid Strike Action Brent Oil Rises to One-Month High as Norway Strikes Halt Output Gold Swings Between gains and Losses Before ECB Decides on Rate Milk Rallying as New Zealand-to-U.S. Weather Sours: Commodities Kobe Steel’s Default Swaps Soar to Three-Year High: Japan Credit Malaysia Palm-Oil Reserves Near 13-Month Low as Output Gains Baltic Exchange Seeks to Double Asian Membership as Trade Shifts Putin Gains From Iran Pain as Russian Oil Surges: Energy Markets Aquarius Calls on Rivals to Halt Mines to Revive Platinum Profit Thousands of Americans Still Lacking Electricity Amid Heat Wave India Said to Pay in Euros for Iranian Oil Due to Rupee Hurdles Repsol Junk Prospect Risks Alaska to Angola Expansion: Energy Iran’s Crude Oil Tankers Seen Sailing to China as Signals Resume ON THE FRONT PAGES China Coal Mine Flood Traps 16 People in Hunan, Xinhua Says LG Electronics Wins Solar Power Generation Order: MoneyToday Bakrie Sumatera Set to Refinance $150M of Debt, Kontan Reports Sime May Close Battersea Deal This Week, Business Times Reports China Starts Building Rare-Earth Reserves, China Securities Says Tepco to Trim Planned Rate Hike to Less Than 10%, Kyodo Says Korea Electric Board to Seek 15% Gain in Power Tariff: JoongAng Aussie Dollar May Be Next For Direct Yuan Conversion, AFR Says ECONOMIC DATA (ALL TIMES NEW YORK) 7:00 a.m. MBA Mortgage Applications 7:00 a.m. Bank of England Rate Decision 7:45 a.m. ECB Rate Decision 8:00 a.m. RBC U.S. Consumer Outlook Index 8:15 a.m. U.S. ADP National Employment Report 8:30 a.m. U.S. Jobless Claims 10:00 a.m. U.S. ISM Non-Manufacturing Data TV HIGHLIGHTS 7:30 a.m. Citigroup Inc.’s Nathan Sheets 8:15 a.m. BNP Paribas’s Timothy Bitsberger 10:30 a.m. Evercore Partners’ Ralph Schlosstein MARKETS (5:45 a.m. NY Time): Last Chg %Chg WTI Crude Oil $88.38 +0.72 +0.8 Gasoline $2.75 +0.028 +1.0 Natural Gas $2.94 +0.036 +1.2 Copper $7,751.00 +26.00 +0.3 Gold $1,618.60 +2.97 +0.2 Wheat $7.99 +0.268 +3.5 U.S. Dollar Index 82.26 +0.48 +0.6 MSCI All-CountryIndex 316.13 +0.03 --
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