WTI adds for fifth day amid speculation U.S. economy will fuel oil demand

Source: Bloomberg
© Scanpix\Reuters
West Texas Intermediate jumped for the fifth day and was set for the second quarterly rise after signals of economic growth in the U.S. fueled the demand for world's biggest oil consumer. The August WTI contracts increased to $97.53 per barrel. Brent for August delivery inched up 0.4% to $103.21 per barrel.
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Fri, 28 Jun 2013 11:39:37 GMT

Ruble appreciated for second day amid oil, trimming worst quarterly fall in year

The Russian currency appreciated for the second day, damping the largest quarterly fall in a year, after Brent oil climbed and companies in Russia bought the domestic currency to cover taxes. The Ruble advanced 0.2% versus the U.S. Dollar to 32.7265, heading towards a 5.4% drop in the quarter. The Russian currency jumped 0.2% versus the Dollar-Euro basket to 37.2225.

Fri, 28 Jun 2013 10:22:14 GMT

European bonds rise as investors expect prolonged stimulus

The price of European government bonds increased amid speculations that the Fed and the ECB will prolong their monetary stimulus. Yields on 10-year Spain government securities decreased 4 basis points to 4.74%, while yields on similar maturity Italian government bonds dropped 7 basis points to 4.49%. Germany's 10-year yield on bunds slid 2 basis points to 1.71%.

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