Cents: Gas Contract and Tsx Ticker

cents: The TSX ticker is shown in Toronto on May 10, 2013, according to The Toronto Star. Frank Gunn / THE CANADIAN PRESS The January crude contract was down 78 cents US in international trading at US 53.85 per barrel and the December natural gas contract was down 21.6 cents at US 4.23 per mmBTU. The decrease in the price of West Texas Intermediate followed a report by Saudi Arabia suggesting production had hit record levels, says Candice Bangsund, portfolio manager for Fiera Capital. The S&P/TSX composite lost 3.44 points to 15,091.58 with just 83.3 million shares traded. So that's obviously weighing on crude prices this afternoon and further reinforcing that market concern about the re-emergence of a supply glut in the crude market, in addition to yesterday's weekly rise in crude inventories, she said. A clearer picture about where prices will settle for the rest of the year will emerge when OPEC meets Dec. 6 to decide on production levels. Article Continued Below Oil's been having a pretty tough time, though we saw a little bit of a recovery a couple of days ago. (news.financializer.com). As reported in the news.