WTI oil drops second day in row amid IEA forecast

Source: Bloomberg
West Texas Intermediate oil decreased for the second straight day on Friday as the International Energy Agency reduced its global oil demand forecast, however prices are set to record the fifth weekly gain in six weeks. WTI for delivery in the next month dropped 36 cents to $93.15 a barrel on the NYMEX and was traded at $93.17 as of 1:44 p.m. in Singapore.

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Fri, 12 Apr 2013 10:35:04 GMT

U.S. Dollar falls versus most of its peers amid stalled retail sales

The U.S. Dollar depreciated versus the majority of its counterparts on Friday before a report showed that retail sales in the U.S. stalled in March suggesting the Federal Reserve may need to keep its loosen monetary policy in order to recover the economy. The U.S. Dollar slipped 0.2% to 99.46 yen after it touched its highest in four years at

Fri, 12 Apr 2013 10:13:03 GMT

Emerging-market stocks fall first time in 4 days

Emerging-market shares decreased on Friday snapping a four-day rally as Infosys (INFO) ltd's forecast of sales matched expectations and economists projected slow recovery of South Korean carmakers and shipbuilders. The MSCI Emerging Markets Index declined by 0.6% to 1,023.48 as of 1:35 p.m. Hong Kong time paring its rise this week to 1.5%.

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