WTI falls as recent gains were too rapid

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Source: Bloomberg
West Texas Intermediate oil slipped on Thursday trading session on concerns that recent rally towards the strongest level in nearly four months was too rapid according to a technical analysis. WTI for settlement in March fell 74 cents to $99.63 per barrel on the NYMEX and was last seen at $99.75 as of 3:30 p.m. in Singapore.

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Thu, 13 Feb 2014 08:37:30 GMT

Brent falls as Keystone pipeline begins to work

The European benchmark Brent crude declined today with the Brent-WTI premium shrinking to the narrowest level since October after the Keystone XL pipeline started moving oil to Texas again and as inventories at storage hub have felt to 37.6 million barrels. Brent for delivery in February shed 46 cents to $108.33 per barrel on the London's ICE Futures Europe exchange.

Thu, 13 Feb 2014 16:54:37 GMT

U.S. shares stable as S&P 500 rally ends

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