Brent falls as China's GDP eases in Q4

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Source: Bloomberg
The European benchmark Brent crude lost on Monday trading session increasing the WTI-Brent premium from $11.89 recorded on January 17 to $12.42 today after a report showed that the world's second largest oil consumer, China, recorded slower economic growth in the Q4. Brent for settlement in March slipped 26 cents ti $106.22 per barrel on the London's ICE exchange.

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Mon, 20 Jan 2014 11:22:04 GMT

Deutsche Bank unexpectedly posts losses for Q4

Deutsche Bank AG, the largest investment bank in Germany, reported an unexpected loss for the last quarter of the previous year, as accounting charges and legal costs exceeded estimates. The pretax loss stood at 1.15 billion euro, while the average prediction of economists was a 628.5 billion euro profit. Today, Deutsche Bank AG shares are losing 1.76% to 37.74 euro

Mon, 20 Jan 2014 11:00:18 GMT

WTI falls as China's industrial output declined in December

West Texas Intermediate oil decreased on Monday falling from the strongest closing prices in a two-week period after government report unveiled that industrial production in China eased last month. WTI for settlement in February dropped 76 cents to a level of $93.61 per barrel on the NYMEX and was last seen at $93.74 as of 3:40 p.m. in Singapore.

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