WTI gains for second day as China's manufacturing rises in November

Source: Bloomberg
West Texas Intermediate oil gained on Monday rising for the second successive session after an industry report showed that manufacturing activity in the world's second-largest economy rose suggesting that the country found its growth momentum. WTI for delivery in January advanced 59 cents on the NYMEX traded at $93.27 as of 3:45 p.m. in Singapore.

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Mon, 02 Dec 2013 12:28:03 GMT

Brent rises as production in OPEC reaches 2-year low

The European benchmark Brent crude increased on Monday after a report showed that the OPEC production declined to the lowest level in two years in November mainly due to drops in Nigeria and Saudi Arabia. January Brent futures gained 69 cents to $110.38 a barrel on the London's ICE Futures Exchange.

Mon, 02 Dec 2013 12:06:03 GMT

Pound rises against U.S. Dollar before manufacturing report

The British Sterling strengthened on Monday rising for the fifth straight session against the U.S. Dollar before a government report showed that manufacturing production in the United Kingdom accelerated in November. The Pound added 0.3% to $1.6418 as of 7:46 a.m. in London following an advanced to $1.6443, the most since August 29.

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