Oil falls on Fed minutes, despite drop in U.S. inventories

Source: WBPonline
© Scanpix\AP
WTI declined for the second day in a row, while Brent has decreased for three, as investors await for the signals from the Federal Reserve on bond purchase tapering. WTI futures dropped 0.49% to $104.6 per barrel and the European benchmark Brent oil plummeted 0.61% to $109.46 per barrel. Gasoline supplies dropped by 3.7 million barrels and Distillate stockpiles decreased by 1.8 million barrels.
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Wed, 21 Aug 2013 10:12:10 GMT

Gold drops as markets await Fed minutes for stimulus prospects

Gold decreased in London ahead of the Federal Reserve posts minutes from its previous meeting that could provide hints on when officials plan to scale back stimulus. Gold for immediate settlement slipped 0.6% to $1,363.29 per ounce and the December Bullion contract plummeted 0.7% to $1,362.60. Silver for immediate settlement retreated 0.6% to $22.8661 per ounce.

Wed, 21 Aug 2013 09:57:07 GMT

German bunds steady ahead of two-year debt sale

German government bunds remained steady ahead of the 5 billion euro auction of two-year notes in Germany. German 10-year bond yielded 1.84%, adding to signs bunds have declined 2.1% this year. The price of the 1.5% bond maturing in May 2023 was 96.985, while the index on two-year bonds expiring in June 2015 was 0.20%. 

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