WTI falls as Obama postpones ruling on Keystone pipeline

Source: Bloomberg
West Texas Intermediate crude decreased on Monday with the WTI-Brent spread narrowing to a level of $6.01 per barrel from Friday's level of $6.16 after the U.S. government decided to postpone the Keystone XL pipeline ruling to November. WTI for settlement in May expiring tomorrow slipped 32 cents to $103.98 per barrel on the NYMEX.

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Mon, 21 Apr 2014 09:58:03 GMT

China shares fall before new IPO

The majority of Chinese shares dropped on Monday session with the benchmark stock index falling towards the weakest level in a two-week period amid speculation that the next initial public offering may move funds from existing stocks. The Shanghai Composite index lost as much as 1.1% to 2,073.77 as of 2:41 p.m. after it dropped 1.5% last week.

Mon, 21 Apr 2014 09:36:04 GMT

Brent falls as recent gains may be excessive

The European benchmark Brent crude dropped on Monday trading session falling for the second straight day on speculation that the recent rally lasting since this February may have been too rapid after tension between Russian and Ukraine escalated. The Brent for settlement in June slipped 54 cents to a level of $108.99 per barrel on the London's ICE Futures Europe

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