Brent rises as three ports stay closed in Libya

Source: Bloomberg
European benchmark Brent crude advanced on Monday rebounding from the largest weekly fall since October after a Libyan reel leader Al Jerdan rejected conditions of the government to reopen three oil ports pushing the Africa's oil reserves down to 210,000 barrels a day in November. Brent for delivery in January expiring today rose 73 cents to $109.56 a barrel on the London's ICE Futures.

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Mon, 16 Dec 2013 10:34:03 GMT

WTI falls on weaker fuel demand in U.S.

West Texas Intermediate crude declined on Monday with the volume of traded futures falling below a 100-day average after a survey showed that prices of the WTI are forecast to slip this week amid weaker fuel demand in the U.S., the world's largest consumer of the commodity. WTI for settlement in January slipped 26 cents to $96.34 a barrel on

Mon, 16 Dec 2013 10:10:03 GMT

Emerging-market shares drop as China's manufacturing slows

Emerging-market equities slipped on Monday with the regional benchmark index dropping to the lowest level in a month after a report showed that manufacturing activity in China accelerated less than expected last month and as investors weighed a possible tapering of the U.S. stimulus The MSCI Emerging Markets Index shed 0.2% to 988.94 by 1:34 p.m. Hong Kong time.

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