WTI records its 4th annual gain in 5 years

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Source: Bloomberg
West Texas Intermediate crude slightly increased on Tuesday and it was set to record its fourth yearly advance in a five-year period on speculation that inventories in the U.S., the world's largest consumer of the commodity, declined for the fifth successive week. WTI for delivery in February traded 7 cents higher at $99.36 per barrel on the NYMEX.

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Tue, 31 Dec 2013 09:38:03 GMT

Brent advances as stockpiles fall in last 4 weeks

The European benchmark Brent crude traded in London climbed on Tuesday increasing the Brent-WTI premium from $11.97 to $12.01 on today's session after the EIA report showed that inventories fell 6.1% by 23.8 million barrels in the last four weeks and refiners' capacity was used on 92.7%. Brent for February delivery jumped 16 cents to $111.37 per barrel on the

Tue, 31 Dec 2013 09:16:03 GMT

Aussie rises paring its annual drop

The Australian Dollar strengthened on Tuesday trimming its largest yearly fall since 2008 as traders eased their bets on further drops of the currency, however the so-called Aussie fell versus 9 out of 10 currencies in 2013. The Australian currency advanced 0.3% to 89.32 U.S. cents as of 4:26 p.m. Sydney time and it declined 1.9% in December and 14%

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