Oil depreciates from a four-month high on speculation about U.S. stockpiles

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Source: Bloomberg
Crude oil futures for February settlement were lower by 43 cents to $93.71 a barrel on the New York Mercantile Exchange in Singapore trading session on Tuesday. Commodity investors traded crude oil with negative sentiments, on speculation that the U.S. stockpiles will be higher than in the previous month and the U.S. economic recovery can be corrupted by a budget dispute.
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Tue, 15 Jan 2013 10:28:03 GMT

Ruble appreciates on central bank announcement

The Ruble, the Russian currency, rose 0.2% to 30.2540 per U.S. Dollar by midday in the Moscow trading session on Tuesday. The currency appreciated further breaching the highest level since May, 2012. Investors traded the Ruble with a positive perspective, as Russia's central bank announced about proceeding interventions to curb the domestic currency's gains.

Tue, 15 Jan 2013 09:55:03 GMT

Wheat surges on US inventory concerns

Rural commodities were mixed on Monday, with grains moving higher and softs sliding. Broadly weaker US Dollar and recent USDA cuts of US grains inventory forecasts were supportive for the commodity group. Wheat jumped the most since November on worries that US wheat inventories will fall more than expected. USDA cut its wheat stocks forecast for May 31 by 5%.

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