Brent crude gains on API supplies report

Source: Bloomberg
The European benchmark Brent crude slightly advanced on Wednesday after the American Petroleum Institute revealed that crude inventories gained 6.92 million barrels last week and supplies are forecast to jump by 750,000 barrels in today's report. Brent for settlement in January added 5 cents to $110.93 a barrel on the London's ICE Futures Exchange.

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Wed, 27 Nov 2013 08:21:22 GMT

European shares rise before German consumer confidence

European equities increased on Wednesday as traders awaited reports showing results of the U.S. consumer confidence and durable-goods orders and as German consumer sentiment is forecast to advance to 7.1 in December from 7 in the prior month. The benchmark index Euro Stoxx 50 expiring in December gained 0.2% to 3,070 as of 7:16 a.m. London time.

Wed, 27 Nov 2013 08:54:06 GMT

WTI falls as stockpiles in U.S. rise for 9th week

West Texas Intermediate declined on Wednesday falling for the fourth straight session a government report showed that stockpiles in the world's largest consumer of the commodity, U.S., advanced for the ninth successive week. WTI for delivery in January decreased 32 cents to $93.36 a barrel on the NYMEX and traded at $93.43 as of 2:30 p.m. in Singapore.

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