WTI rises as stockpiles in Cushing drop

Source: Bloomberg
West Texas Intermediate crude increased on Wednesday trading session after an industry report showed that inventories in Oklahoma's Cushing declined towards the weakest level in eight weeks and as automobile demand advanced by the most in 12 months. WTI for settlement in May gained as much as 63 cents to $99.82 per barrel as od 10:36 a.m. pm the NYMEX.

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Wed, 26 Mar 2014 19:12:04 GMT

Brent falls on falling automobile demand last month

The European benchmark Brent crude slightly declined on Wednesday trading session with the WTI-Brent spread narrowing as stockpiles in Cushing, Oklahoma, slipped to the lowest level in two years and motor vehicle orders jumped 3.6% in February. Brent for delivery in May slipped 2 cents to $106.97 per barrel on the London's ICE Futures Europe exchange.

Wed, 26 Mar 2014 18:50:02 GMT

Italy's consumer confidence gains more than forecast in March

Consumer confidence in Italy increased in March rising towards the highest level measured since June 2011, a report released by the statistical office Istat showed on Wednesday. According to the report, the Italian consumer confidence index advanced from February's level of 97.7 points to 101.7 points in March, while it was originally seen to be rising to 98.4.

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