Gap between WTI and Brent may narrow in 2014

Source: Bloomberg
The European benchmark Brent crude increased on Friday widening the gap between the West Texas Intermediate crude and the Brent, however the report showed that the price difference is forecast to shrink next year as the U.S. exports are expected to reach a record level. Brent traded at a level of $111.25 a barrel on today's session in London, $12.26 more than WTI contracts on the NYMEX.

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Mon, 23 Dec 2013 07:51:04 GMT

Pound weakens as budget widens in U.K.

The British Sterling slipped on Friday falling for a first day in three sessions against the 17-nation bloc currency after a government report showed that budget deficit in the United Kingdom widened and consumer sentiment surprisingly dropped. The Pound slid 0.2% to 83.62 pence a Euro as of 4:23 p.m. in London and it rose 0.9% this week.

Mon, 23 Dec 2013 07:29:05 GMT

European shares rise due to increase of bankers and insurers

European stocks increased on Friday rising for the third successive day and were set to advance the most in a week since April mainly due to a notable gain of ING Groep NV and Banca Monte dei  Paschi di Siena SpA. The benchmark index Stoxx Europe 600 Index surged 0.5% to 321.11 as of 4:38 p.m. London time and it

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