Brent oil falls as inventories decline last week

Source: Bloomberg
The European benchmark Brent crude traded in London decreased on Wednesday after a report showed that inventories in the U.S. fell last week by 1.3 million barrels and as retail sales in the country surprisingly increased 0.2% in December. Brent for delivery in February slipped 20 cents and last traded at $106.19 per barrel on the Ice Futures Europe exchange.

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Wed, 15 Jan 2014 09:52:07 GMT

WTI swings between gains and losses on low stockpiles

West Texas Intermediate crude fluctuated on Wednesday trading session amid speculation that inventories in the U.S., the world's largest consumer of oil, dropped and on signs the U.S. economy may sustain its economic growth. WTI for delivery next month slipped 5 cents to $92.54 per barrel on the NYMEX as of 2:42 p.a. in Singapore.

Wed, 15 Jan 2014 09:30:09 GMT

Greenback rises before Fed's business survey

U.S. currency jumped on Wednesday rising against the majority of its most-traded counterparts and rebounding from the lowest level in two weeks against the euro-area currency before the Beige Book business survey was released by the U.S. Fed. The so-called Greenback added 0.3% to $1.3637 by 6:50 a.m. London time following a drop to $1.3699, the least since January 2.

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