Brent oil advances as China's service sector rises

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Source: Bloomberg
© Scanpix/AP
Brent crude traded in London increased on Monday after a government report showed that service sector business activity in the world's second largest economy, China, accelerated to the highest level in 2013. Brent for delivery in December jumped 0.5% to $106.39 a barrel on the London's Futures Europe Exchange, while the crude's premium was at $11.57 to WTI.

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Mon, 04 Nov 2013 08:56:04 GMT

South Korean and Thai shares drop as Fed may scale back

South Korean and Thai stocks led falls in Asian gauge measuring performance of local equities amid speculation that the Federal Reserve may start tapering off its stimulus program sooner than expected as the economy is improving. Thailand's SET Index decreased 2.2% falling to a five week low, while the South Korean Kospi Index tumbled 0.5% to the weakest level in

Mon, 04 Nov 2013 08:30:04 GMT

WTI drops as stockpiles seem high

West Texas Intermediate crude slipped on Monday and traded close to a four-month low after it declined 3.3% last week recording the largest drop since June on concerns that stockpiles on the world's largest consumer, U.S., are sufficient. WTI for delivery in December fell 0.5% to $106.39 a barrel on London's ICE Futures Europe Exchange.

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