NYMEX-Crude steady; eyes Egypt, Greece creditors meet

SINGAPORE, Nov 26 (Reuters) - U.S. crude futures were steady

on Monday, as escalating violent protests in Egypt renewed

supply concerns, while Greece edged closer to securing another

aid installment.

FUNDAMENTALS

* U.S. crude for January delivery eased 16 cents to

$88.12 a barrel by 2335 GMT. It had settled at $88.28 a barrel

in the previous session.

* Brent crude was down 9 cents at $111.29.

* Egyptian President Mohamed Mursi will meet senior judges

on Monday to try to ease a crisis over his seizure of new powers

which has set off violent protests reminiscent of last year's

revolution which brought him to power.

* A write-down on Greek debt should not be part of the

country's next rescue package, European Central Bank board

member Joerg Asmussen told Germany's Bild newspaper ahead of

Monday's euro zone group meeting.

* European authorities will transfer 35 billion euros to

Spain's state bank rescue fund on Dec. 15 in exchange for

massive layoffs at Spain's four nationalised banks, including

state-rescued Bankia, El Pais newspaper reported on

Sunday.

* Hezbollah leader Sayyed Hassan Nasrallah warned Israel on

Sunday that thousands of rockets would rain down on Tel Aviv and

cities across the Jewish state if it attacked Lebanon.

MARKETS NEWS

The euro started the week near one-month highs against the

dollar, having staged an impressive rally on hopes that Greece

will finally secure more emergency loans to keep it afloat.

DATA/EVENTS (GMT)

0900 Italy Consumer confidence Nov

1200 Germany GfK Consumer sentiment Dec

1530 U.S. Dallas Fed Texas manufacturing Nov

(Reporting by Luke Pachymuthu; Editing by Richard Pullin)

Most Popular in Business