WTI drops before report showing higher stockpiles in U.S.

Source: Bloomberg
West Texas Intermediate crude fluctuated on Wednesday traded close to the lowest level in a five-month period before a government report showed that stockpile in the U.S. accelerated to the highest level since June. December WTI futures traded 8 cents higher at $93.12 a barrel on the NYMEX as of 2:07 p.m. in Singapore, while the prices dropped $2.10 to $93.04 yesterday.

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Wed, 13 Nov 2013 10:11:25 GMT

Brent crude rises before inventories report

The European benchmark Brent crude advanced on Wednesday trading session amid speculation that tomorrow's report may show inventories increased for the eight straight week after adding 800,000 barrels last week signaling that the oil market is well-supplied. Brent expiring tomorrow rose 24 cents to $106.05 a barrel on the London's ICE Futures Europe exchange.

Wed, 13 Nov 2013 09:49:25 GMT

Natural gas rises on colder weather forecasts in U.S.

Natural gas advanced on Wednesday rising for the seventh straight day in New York, the longest streak of gains since January 2011 amid expectations of lower-than-average temperatures in the U.S. boosting the heating fuel demand. Natural gas for settlement in December gained 0.9% to #3.651 per million British thermal units on the NYMEX.

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