WTI trades above $100 a barrel for 11th day

Source: Bloomberg
West Texas Intermediate crude increased on Monday and traded above a level of $100 per barrel for the eleventh straight day amid speculation that supplies in Oklahoma dropped for the fourth successive time last week. WTI for settlement in April gained 14 cents to $102.34 per barrel as of 10:22 a.m. on the NYMEX.
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Mon, 24 Feb 2014 17:05:19 GMT

Brent gains as inventories fall

The European benchmark Brent crude jumped on Monday after the Energy Information Administration reported that cushing stockpiles declined by 5.96 billion barrels in the December-February period totaling 35.9 million, the lowest level since October 2013. Brent for delivery in April rose 28 cents to $110.13 per barrel on the London's ICE Futures Europe exchange.

Mon, 24 Feb 2014 17:04:25 GMT

European stocks rise as companies report earnings

European shares increased on Monday session after private companies from Dixons Retail Plc to Scania recorded notable gains on heightened merger activity overshadowing a drop in HSCB stocks as the company showed unfavourable earnings. The benchmark Stoxx Europe 600 Index gained 0.3% to 337.22 as of 3:39 p.m. London time.

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