Brent rises as production in OPEC reaches 2-year low

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Source: Bloomberg
The European benchmark Brent crude increased on Monday after a report showed that the OPEC production declined to the lowest level in two years in November mainly due to drops in Nigeria and Saudi Arabia. January Brent futures gained 69 cents to $110.38 a barrel on the London's ICE Futures Exchange.

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Mon, 02 Dec 2013 12:39:03 GMT

Gold falls amid speculation of scaling back

Gold decreased on Monday dropping for the first session in three days and extending its worst monthly record since June amid speculation that the Federal Reserve monetary stimulus may scale back as the U.S. economy improves. Bullion for delivery in December fell 0.6% to $1,245.87 an ounce traded at $1,245.94 as of 3:37 p.m. Singapore time.

Mon, 02 Dec 2013 12:17:03 GMT

WTI gains for second day as China's manufacturing rises in November

West Texas Intermediate oil gained on Monday rising for the second successive session after an industry report showed that manufacturing activity in the world's second-largest economy rose suggesting that the country found its growth momentum. WTI for delivery in January advanced 59 cents on the NYMEX traded at $93.27 as of 3:45 p.m. in Singapore.

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