WTI crude soars as U.S. inventory decline

Source: Bloomberg
© Scanpix/Reuters
WTI crude gained after U.S. crude stocks decreased for a second straight week. Crude for August settlement climbed 1.6% to $105.17 a barrel as of 9:49 a.m. on the New York Stock Exchange, after reached $105.62, the 14-month high. The market is into backwardation, futures for later deliveries are becoming less expensive compared to those with closer expiration.
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Wed, 10 Jul 2013 18:40:07 GMT

Dollar Index declines as stocks drop commodities gain

The U.S. Dollar depreciated against six main trading partners as yen strengthens. The U.S. Dollar Index declined 0.5% to 84.16, dropping from yesterday's 3-year high. The S&P gauge decreased 0.2% after fluctuation before the release of the Fed's minutes. The S&P commodity gauge rose for a seventh straight day.

Wed, 10 Jul 2013 14:34:07 GMT

French industrial production drops less than projected

French industrial output declined less than experts expected in May. It fell 0.4% after a 2.2% gain in April while economists estimated a 0.8% drop. The Eurozone's currency advanced 0.3 % to $1.2817 at 11:29 a.m. in London. The Bank of France reported this week that a factory executive confidence gauge rose to 96 in June, the highest since September

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