Brent slides as OPEC production drops in December

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Source: Bloomberg
The European benchmark crude Brent slipped on Friday trading session after a report released by the Organization of Petroleum Exporting Countries showed that the area's production declined by 20,000 barrels per day in December. Brent for settlement in March fell one cent to a level of $105.74 a barrel on the London's ICE Futures Europe exchange.

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Fri, 17 Jan 2014 09:38:02 GMT

European stocks advance before U.S. economic reports

The majority of European shares increased on Friday with the local benchmark index heading towards its second weekly gain before a reports from the U.S. showed that the world's largest economy is improving. The Stoxx Europe 600 Index gained 0.2% to 334.76 as of 8:11 a.m. London time with three stocks rising for every one falling.

Fri, 17 Jan 2014 09:36:06 GMT

WTI rises before economic data today

West Texas Intermediate oil advanced on Friday heading for its first weekly increase since December on speculation that incoming manufacturing and labour market data today may signal that the economy gained its momentum. WTI for delivery next month rose 31 cents to $94.27 per barrel on the NYMEX as of 3:45 p.m. Singapore time.

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