Oil rises on speculation China's factory output grew at the fastest pace since March

Source: Bloomberg
© Scanpix/AP
Oil rose, snapping its weekly drop, on speculation China's industrial output grew at the fastest pace since March, increasing demand in the world's second biggest oil consumer. Crude for January settlement rose 28 cents and traded at $86.54 a barrel, after sliding $1.62 a day earlier to $86.26, the lowest close since November 15.
Back to articles

Actual Topics

Fri, 07 Dec 2012 09:33:40 GMT

Gold gains despite growth estimate cut, solid USD

Precious metals rallied on Thursday despite disappointing news from the Eurozone. The ECB President Mario Draghi said that the region's economy is likely to shrink about 0.5% in 2012 compared to a previous forecast of a 0.4% contraction. Moreover, solid greenback coupled with larger-than-expected decline in the US jobless claims last week added pressure on the commodity group. Gold moved

Fri, 07 Dec 2012 10:18:40 GMT

Asian stocks advance as Australia's building industry contracted at slower pace

Asian stocks rose as fewer Americans applied for unemployment benefits and Australia's building industry contracted at a slower pace. The MSCI Asia Pacific Index gained 0.3% to 126.14 at 1:40 in Tokyo. Australia's S&P/ASX 200 Index climbed 0.8% and New Zealand's NZX 50 Index jumped 0.5%. South Korea's Kospi Index advanced 0.3%, whereas Japan's Nikkei 225 Stock Average was little

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.