Oil retreated from highs

Oil prices fell after strong growth against a background of adverse macro USA. Support for oil have an EU summit outcome and expectation quick solution to the debt problems in Greece. Investors embraced a positive news from Europe on the outcome of EU summit.At a meeting in Brussels approved the strategy for economic growth and budget pact aimed at strengthening the financial stability of the eurozone. In addition, on the eve of Prime Minister of Greece Lucas Papadimos said that significant progress in the talks with lenders about restructuring the debt of the country and expressed hope that negotiations can be successfully completed before the end of the week. Markets also drew attention to the statement of EU president Herman Van Rompuy, who urged euro-zone finance ministers to take all necessary measures to implement agreements with banks and take a new facility in the amount of 130 billion euros, Greece promised that by the end of this week.

Published U.S. statistics disappointed investors. House price index from the S & P / Case-Shiller on an annualized basis for the results of November fell by 3.7% -3.2% when expectations. The index of consumer confidence in January was 61.1 points, 68.0 points expected, the previous value was revised from 64.5 points to 64.8 points. The Chicago index of business activity in January was 60.2 points, 63.0 points expected, the previous value of 62.2 points. Inhibit the growth of prices is also not fully met expectations quarterly results from the world's largest oil company Exxon Mobil.

The cost of the March futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 101.29 dollars per barrel and then dropped to 98.27 dollars per barrel. Brent oil for March settlement rose 1.40 dollars to $112.15 a barrel on the London-based ICE Futures Europe exchange.