Australian inflation increases 0.5% in December

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Source: Marketwatch
Australia's inflation increased 0.5% last month as compared to 0.1% decline in the preceding month, reported TD Securities. Considering annuals moves, the inflation rate faced 2.4% increase in December, rising from 2.1% in November.
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Mon, 16 Jan 2012 07:59:16 GMT

Iran: no increase in oil output among Gulf nations

Iran warned Gulf countries against increasing their oil output claiming they will have to take responsibility of such moves. The announcement came after the US and the EU started to seek ways to cut the Iranian crude oil exports. The neighbor countries should not support the EU and the US, said Mohammad Ali Khatibi. Any moves taken by Gulf nations

Mon, 16 Jan 2012 07:58:31 GMT

Natural gas tumbled on Friday

Natural gas futures sank on Friday, attaining 28-month low amid the warmer than expected weather forecasts and high inventory levels in the US. Natural gas futures for February delivery closed at USD2.627 per million British thermal units, on the New York Mercantile Exchange, tumbling 12.8% over last week, the largest fall since August 2009.

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