Crude oil prices edged lower as the dollar strengthened amid continuing euro zone concerns, offsetting support for oil from cold weather. Saudi Arabia raised its official selling prices for January for light crude oil to customers in Asia and the U.S. Crude oil throughput at China's top 12 refineries should fall about 5 percent in December from November, to the lowest in nine months, due to maintenance.  World oil prices are at a good level, Algerian Energy Minister Youcef Yousfi said. OPEC ministers meet on Dec. 11 in Ecuador. Now support for the crude is seen at 3981 and below could see a test of 3962. Resistance is now likely to be seen at 4029, a move above could see prices testing 4058.

Trading Ideas:

Crude trading range is 3962-4058.

Crude oil prices edged lower as dollar strengthened amid continuing euro zone concerns

Crude looks to test support at 3982 and resistance is seen at 4030.

World oil prices are at a good level, Algerian Energy Minister Youcef Yousfi said