Oil eased further below $90 on Friday on forecasts for warmer weather in the U.S. Northeast, the world's top heating oil market, and a smaller-than-expected drawdown in U.S. crude stocks.
FUNDAMENTALS
* NYMEX crude for February fell 20 cents to $89.64 a barrel by 0149 GMT, adding to losses of more than a dollar the previous session.
* Warmer weather forecasts after the blizzard that pummeled the U.S. Northeast cast doubts on sustained domestic demand for heating fuel, weighing on crude prices.
* U.S. crude stocks eased by 1.26 million barrels to 339.43 million barrels in the week to Dec. 24, the Energy Information Administration said, less than the drop of 2.6 million barrels analysts had expected.
* Gasoline stocks fell by 2.32 million barrels, the EIA said. Distillate inventories rose 243,000 barrels, against analysts' expectations for a 600,000 barrel draw.
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