Oil lower on supply, U.S. economic growth

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
On Friday, oil was traded lower and was likely to witness the biggest week decline in a month, amid speculation that growth of the U.S. economy would not boost demand, and an increase in stockpiles. On the NYMEX, December delivery futures for light sweet crude were traded at $85.56 at 12:47 a.m. in London, which was a 0.58% fall for the session.
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Fri, 26 Oct 2012 12:54:29 GMT

U.S. economy expands at 2%

The Bureau of Economic Analysis reported on Friday that the gross domestic product of the United States added more than expected in the quarter from July to September. The U.S. GDP climbed 2% annual rate, compared to a 1.3% increase in the preceding quarter. Economists, however, expected that the economy would expand at a rate of 1.8%. Consumer spending accounts

Fri, 26 Oct 2012 11:53:47 GMT

U.S. stock futures prolong slide

U.S. stock futures prolonged decline on Friday on a global equity sell-off, partially led by weaker-than-expected Q3 results from Apple Inc., after yesterday's U.S. closing bell and fragile Asian economic data. Dow Jones futures slipped 0.9% to 12,944. Futures on S&P 500 lost 11.2 points to 1,397 and those on Nasdaq fell 22.75 points to 2,265.25.

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