Oil ticks higher on cuts of Chinese interest rates

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Source: Marketwatch

Oil futures gained on Thursday as Chinese reserve bank decreased its interest and deposit rates by 25 basis points. Petroleum for July delivery inched higher by $1.31, a 1.6 per cent increase, to $86.34 a barrel.

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Thu, 07 Jun 2012 19:00:26 GMT

The Bank of England left key interest rate unchanged

The Bank of England has not changed benchmark interest rate for 39 months in a row, leaving it at 0.50%, which is in line with expectations. The central bank also announced that it will maintain purchases of assets at the same level of GBP325 billion, after a GBP50 billion expansion back in February.

Thu, 07 Jun 2012 18:38:31 GMT

FTSE 100 adds 2% on Burberry and Tullow Oil

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