Crude's Pool-Position is 78% long, meaning that most Finotec clients are buying the commodity.

Crude oil rose as the greenback pared gains against the euro and on signals that economies around the world are improving. 'The dollar is weakening a bit, which is giving crude a boost,' said Tom Bentz, a senior energy analyst at BNP Paribas Commodity Futures Inc. in New York. 'Most of what we are seeing is technical buying. Volume is light because of the holidays, so it's easy to move the market.' Rising prices have encouraged some OPEC members to renege on their pledge in 2008 to reduce output by 4.2 million barrels a day. Members complied with 58 percent of cuts in November, down from 60 percent the previous month, according to International Energy Agency estimates. Abdalla el-Badri , the OPEC secretary general, said today he wants quota compliance to improve to between 75 percent and 80 percent from the current level of about 60 percent. Crude Oil is trading at $74.10 as of 20:46pm, GMT, with a bullish trend. Crude's Pool-Position is 78% long, meaning that most Finotec clients are buying the commodity.

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