WTI falls amid highest stockpiles since 1981

Source: Bloomberg
West Texas Intermediate oil tumbled on Wednesday after increasing for two straight days, as the U.S. report showed that inventories in the country reached their highest figure since 1981. WTI for delivery in the next month slipped 52 cents to $93.68 a barrel on the NYMEX and was traded at $93.84 at 12:46 p.m. in London after it rose 84 cents to $94.20 yesterday, the highest closing price since April 3.

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Wed, 10 Apr 2013 16:21:59 GMT

U.S. house prices climb more relative to incomes

U.S. property prices are increasing on a faster pace than incomes of buyers, when they were 15% higher relative to income in February, suggesting that the house prices may decline in U.S. cities as mortgages will advance and decrease affordability, a study by the Zilliow Inc. showed on Wednesday. House prices in the country gained 10.2% in February, the largest

Wed, 10 Apr 2013 15:59:49 GMT

Treasuries extend losing streak amid Fed's minutes release

U.S Treasuries continued to fall on Wednesday after the Federal Reserve meeting's minutes showed that several members want the central bank to reduce its assets-buying program later in 2013 and stop it by the end of the year. The benchmark 10-year yields increased three basis points to 1.78% at 9:21 a.m. in New York after it dropped to its lowest

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