Oil undergoes bullish correction

Note: This section contains information in English only.
Source: Reuters
Oil prices managed to advance during the recent Asian trading. However, because of the oversupply the long-term perspectives for oil remain bearish. Brent crude traded at $48.47 per barrel, showing an increase of 20 cents, while US crude was up 30 cents to trade at $46.55 a barrel.
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Fri, 16 Jan 2015 10:28:04 GMT

Won spearheaded Asian currencies amid cheaper oil

Asia's currencies showed gains this week, led by South Korea's Won and Taiwan's Dollar, thanks to the expectation that the decline in oil prices will stimulate trade balances in the region. Meanwhile, Brent crude reached their lowest level since March 2009 and was traded at $48.30 per barrel. In the meantime, the Won as well as Taiwan's Dollar have added

Fri, 16 Jan 2015 10:06:05 GMT

Cheaper oil curbed US producer inflation while jobless claims went up

US producer prices showed their biggest drop within the last three years in December due to a strong decline in energy costs, highlighting the existing deflationary pressures. Producer price index decreased 0.3% compared with a drop of 0.2% in November. Consumer inflation is due to be released today. The price level is expected to keep declining at the same rate

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