FXStreet (Delhi) – Research Team at Rabobank, suggests that with no signs of change in the demand and supply backdrop, oil resumed its slide. Key Quotes “These lower oil prices continue to pressure energy producers. According to the preliminary results from the European Commission survey, households in the Eurozone became a tad more optimistic in December following a more significant pickup in confidence in the month before. The measure rose from -5.9 to -5.7. In the light of ongoing volatility in equity markets, uncertainty about the global economy and the heightened fears of terror (remember that the Paris terrorist attacks were only five weeks ago), this is actually a remarkable result. This is even more so because the most recent 'hard data' on retail sales have also been disappointing.” For more information, read our latest forex news.