Oil prices Monday basically regain earlier losses but still ended marginally lower the preganglionic late a small amount of buying unable to withstand the market "financial cliff" budget crisis may erode the country's oil concerns need to buy. 

Monday not to avoid the fiscal cliff negotiations today most of the time in the oil market to follow the stock market fell slightly trading volume is less than a fifth of the normal case. Market today advance closed Tuesday will be closed due to falls on Christmas. 

Brent crude oil futures rising slightly late regain earlier decline of more than $ 0.8 settlement price down $ 0.17 at $ 108.80 days. U.S. crude oil futures contract settled down $ .05 at $ 88.61, down 10% so far this year. U.S. stock market slightly lower U.S. dollar little changed. 

Oil prices tumbled on Friday before the weight of the U.S. budget negotiations deadlock a key figure in the two responsible for consultations: Democratic President Barack Obama and Republican House Speaker Boehner left Washington the Christmas holidays consultations pause. Congressional recess in January 1 this week, just a few days before the deadline comes time to take action. expressed concern that some members of the United States may drop the fiscal cliff. 

The fiscal cliff approaching key technical support level since September Brent crude futures still have not been tested 106-107 dollars regions many traders do not believe that members of Congress will be taking a risk to the fragile U.S. economy into recession again. 

"Although last Friday's plunge in the potential implied oil market reflects the United States before the end of the year may not be able to reach agreement to avoid financial cliff but we still believe that to reach some form of solution at the last minute," Ritterbusch & Associates president Jim Ritterbusch wrote in the report. 

Some investors expected the most likely the United States will reach a temporary agreement to suspend the situation. 

U.S. RBOB gasoline futures rose 0.6% contrarian held near the highest bit in the past two months as traders prepare for the maintenance of the largest refinery in northeast Philadelphia. 

The tensions in the Middle East limit the oil price decline. 

Most of the time this year to upgrade the oil market due to the friction of the Iran and the West on Iran's nuclear program have been nerves.