Oil trades at 1-week high on increasing gasoline inventories

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Source: Bloomberg
© Scanpix/RS
Oil traded near one-week low in New York as a report showed gasoline inventories surged the most in 11 years. Crude for January settlement was down by 23 cents to $87.65 a barrel at 2:48 p.m. in Singapore. Prices declined 62 cents a day earlier to close at $87.88 a barrel, the lowest since November 28. Brent for January delivery traded at $108.76 a barrel, after falling $1.03 yesterday.  
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Thu, 06 Dec 2012 09:30:43 GMT

Asian stocks rise on positive U.S. data

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Thu, 06 Dec 2012 09:08:38 GMT

Australia's unemployment unexpectedly drops pushing Aussie higher

Australia's jobless rate unexpectedly declined in November, sending the Australian Dollar higher. The unemployment rate dropped from 5.4% in October to 5.2%, according to data released by the statistics bureau, while economists projected an increase to 5.5%. The Aussie was at $1.0469 at 1:03 p.m. Sydney time, comparing to $1.0447 before report release. 

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