WTI falls on stimulus and falling stockpiles

Source: Bloomberg
West Texas Intermediate crude dropped on Tuesday falling for the second successive session as traders assessed prospects of possible continued Fed's bond-purchasing program and as stockpiles in the U.S. slipped after rising for eight weeks. WTI December futures decreased 28 cents to $92.75 a barrel on the NYMEX and traded at $92.90 as of 3:55 p.m. in Singapore.

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Tue, 19 Nov 2013 10:05:04 GMT

U.S. Dollar declined versus Yen as Bernanke signals delay in tapering

The U.S. Dollar slipped on Tuesday falling for the second straight session against the Japanese currency amid concerns that the Federal Reserve representatives including its current Chairman Ben Bernanke may prefer continued stimulus until the economy improves. The so-called Greenback slid 0.1% to 99.85 yen as of 7:37 a.m. in London following a yesterday's 0.2% drop.

Tue, 19 Nov 2013 09:43:23 GMT

Brent crude drops as U.S. stockpiles fall last week

European benchmark Brent crude traded in London declined on Tuesday after the Federal Reserve Chairman-nominee Janet Yellen signaled that the bond-purchasing program may continue until its needed and as U.S stockpiles fell by 1 million barrels last week. Brent for delivery in January dropped 56 cents to $107.91 a barrel on the ICE Futures Europe Exchange.

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