WTI trades near lowest level in a week amid high inventories

Source: Bloomberg
West Texas Intermediate oil fluctuated on Tuesday, while it was traded close to its weakest level in more than a week before a report showed that stockpiles in the U.S. increased to the highest level since 1931. June WTI futures were traded 12 cents higher at $95.29 a barrel on the NYMEX as of 3:38 p.m. in Singapore after they dropped 87 cents to the lowest since May 2 at $95.17 yesterday.

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Tue, 14 May 2013 13:29:07 GMT

Treasuries are little change on signs of less stimulus

U.S. treasuries were little changed on Tuesday after the Federal Reserve Bank of Philadelphia President Charles Plosser said that the Fed should reduce its bond purchasing program as early as the next meeting. The benchmark 10-year bonds yielded at 1.91%, when it declined one basis point as of 8:55 a.m. London time after the rates rose to 1.94% yesterday, the

Tue, 14 May 2013 13:04:03 GMT

Japan's prices of domestic corporate goods jump in April

Japan's domestic corporate goods prices moved up in the month of April beating a forecast showing unchanged level in prices, the latest data unveiled by the Bank of Japan showed on Tuesday. According to data, an index measuring domestic corporate goods prices climbed 0.3% in April compared to a forecast of an 0.1% gain, while the total number of domestic

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