Brent falls on China's exports

Source: Bloomberg
The European benchmark Brent crude slipped on Monday as demand for crude oil increased in the Northern Hemisphere's winter as refineries boosted production of heating fuels and as China reported a notable drop in exports last month. Brent for delivery in April dropped 0.9% to $107.97 per barrel on the London's ICE Futures Europe exchange.

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Mon, 10 Mar 2014 16:00:19 GMT

Aussie falls versus U.S. Dollar as China posts trade deficit

The Australian Dollar declined on Monday falling for the second successive day versus the U.S. Dollar after a government data showed that Chinese trade balance came in shortfall of 18.1%, the highest deficit in 2 years. The so-called Aussie lost as much as 0.6% to 90.18 U.S. cents as of 11:02 a.m. in New York following a gain to the

Mon, 10 Mar 2014 15:41:42 GMT

WTI declines amid 18.1% drop in Chinese shipments

West Texas Intermediate crude declined on Monday trading session after a government report showed that exports in China, the world's second largest oil consumer, surprisingly decreased by 18.1% in February. WTI for settlement in April slipped as much as $1.53 to $101.05 per barrel as of 11:13 a.m. on the NYMEX.

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