Brent drops as OPEC rejects supply glut next year

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Source: Bloomberg
European benchmark Brent crude declined on Monday trading session shrinking the WTI-Brent premium from $12.64 on Friday to $12.48 after the Organization of Petroleum Exporting Countries signalled it may reject a possibility of oversupply in 2014. Brent for delivery in February dropped 19 cents to $111.58 per barrel on the London's ICE Futures Europe exchange.

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Mon, 23 Dec 2013 13:00:11 GMT

Analysts: Fed could taper by $10 billion per meeting

According to the median economists' expectations, the Federal Reserve System will likely reduce its stimulus program by $10 billion during each FOMC meeting the next year and finally finish the massive QE program by the end of 2014. On the other hand, the possible movements depend on pace of U.S. economic growth and the situation on the labor market, which

Mon, 23 Dec 2013 12:38:03 GMT

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