Oil slips to a weekly decline on mideast supplies concerns

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Source: Bloomberg
© Scanpix/FP
Crude oil futures for December settlement were 5 cents higher to $85.50 a barrel and contract for January gained 6 cents to $85.93 in London morning trading session, but front month future lost 87 cents yesterday, bringing to 0.7% weekly loss. Oil set four weekly price decline in the last five, as markets trade on signs that U.S. economy is slowing and concerns that increasing tension in the Middle East might disrupt supplies.
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Fri, 16 Nov 2012 13:13:14 GMT

Rand Appreciated after Failing to Break through Resistance Level

The Rand appreciated for the first time this week as its biggest weekly decline in November didn't manage to break through the resistance level of 9 rand per dollar. South Africa's currency gained 0.3% against the Dollar on Friday and traded at 8.9043 per dollar in Johannesburg. The currency declined 2.2% this week, the biggest loss in six weeks.

Fri, 16 Nov 2012 13:01:45 GMT

The worst weekly performance of Philippine Peso in two months

The Peso slipped by 0.1% to 41.298 per Dollar in morning session in Manila on Friday. The domestic Philippine's currency lost 0.6% this week and that was the worst performance since 21st of September. Also, the Peso is close to the highest level in more than four years, peak at 41.05, which was reached on 8th of November. The Peso

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