WTI falls as demand in U.S. may drop amid maintenance season

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Source: Bloomberg
West Texas Intermediate oil declined on Friday falling for the second straight session and reducing its monthly gain on speculation that demand in the world's largest oil consumer, U.S., may slow down amid maintenance season. WTI for settlement in April slipped 53 cents to $101.87 per barrel on the NYMEX and was last seen at $102.21 by 1:23 p.m. in London.

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Fri, 28 Feb 2014 15:02:19 GMT

Brent falls pushing the WTI-Brent spread to $6.38

The European benchmark Brent crude slipped on Friday session with the WTI-Brent discount narrowing to $6.38 today from January's level of $8.91 after inventories in the U.S. shrank and as maintenance season may bring lower demand. Brent for delivery in April dropped as much as 34 cents to $108.62 per barrel on the London's ICE.

Fri, 28 Feb 2014 15:17:12 GMT

Australia's dollar reverses its biggest monthly advance

It is projected that the Australian Dollar will end its biggest advance since September as the economy signals that the limited growth will decrease yields. Australia's currency advanced 2.4% this month, the largest gain among 10 major counterparts after Norway and New Zealand. The Aussie was little changed at 89.63 cents at 5:45 p.m. in Sydney, slipping from the level of 90.81 touched on Feb.

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