WTI rises before ECB policy meeting

Source: Bloomberg

West Texas Intermediate crude increased on Thursday rebounding from the lowest level in six weeks after the U.S. currency fell against the Euro before the European Central Bank revealed its decision about interest rate cuts on today's policy meeting. WTI for delivery next month jumped 52 cents and traded at $92.71 on the NYMEX by 9:39 a.m. in London.


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Thu, 09 Jan 2014 12:52:03 GMT

Sterling reaches highest level in two years against Dollar

The British currency reached its highest level versus the greenback after the Bank of England left its monetary policy unchanged. The Pound traded at $1.6459 as of 12:06 p.m. in London, after advancing to $1.6603 on January 2, the strongest level in two years. U.K.'s currency slid 0.1% to 82.63 pence per Euro after strengthening to 82.42 pence on Wednesday.

Thu, 09 Jan 2014 12:30:06 GMT

Brent gains as fuel and distillate stockpiles rise more than forecast

The European benchmark Brent crude rose on Thursday after an industry report revealed by the Energy Information Administration showed that inventories in the U.S., the world's largest consumer of the commodity, increased more than projected. Brent for delivery in February gained as much as 0.6% to $107.74 per barrel on the London's ICE Futures Europe exchange.

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