WTI swings between gains and losses as OPEC increases exports

Source: Bloomberg
© Scanpix/AP
West Texas Intermediate oil fluctuated on Friday following an increase to the highest level in a week as OPEC was predicted to increase its oil exports in May to meet rising demand from refiners in Asia. WTO for next month's settlement was traded 10 cents higher at $95.26 a barrel on the NYMEX as of 2:12 p.m. Singapore time after it advanced to $95.16 yesterday, the highest since May 13.

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Fri, 17 May 2013 10:05:03 GMT

Natural gas declined amid KPMG survey

Natural gas was down on Friday after a survey published by the KPMG LLP Global Energy Institute showed that the prices of the commodity are expected to stay below $4 per million British thermal units for the rest of 2013 and should range from $3 to $4. Natural gas for delivery next month was traded at $3.932 yesterday completing a

Fri, 17 May 2013 09:43:04 GMT

Asian stocks rise towards second weekly advance

Asian shares increased on Friday heading towards the second straight weekly gain after the Japanese benchmark Topix Index rebounded close to its highest level recorded in 2008 amid increase of leasing companies and as the country's Prime Minister encourages practices to revive capital spending. The MCSI Asia Pacific Index was traded at 142.99 at 1:44 p.m. Tokyo time.

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