Brent falls as Libyan strikes continue

Source: Bloomberg
The European benchmark Brent crude declined on Monday trading session falling for the third week after a report showed that oil output in African Libya recorded 170,000 barrels per day and strikes in the Elephant field continue. Brent for delivery in May lost as much as 24 cents to $107.81 per barrel on the London's ICE Futures Europe exchange.

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Mon, 31 Mar 2014 16:17:05 GMT

Gold trades near 6-week low on speculation over less stimulus

Gold traded in New York slightly increase on Monday trading session, however it was traded close to the weakest level in six weeks as investors speculate whether the U.S. Federal Reserve curb stimulus or not and as physical demand for the precious metal may rise as the prices fall. Gold for settlement in June jumped 0.1% to $1,296.10 an ounce

Mon, 31 Mar 2014 15:55:13 GMT

WTI rises as tension in Ukraine eases

West Texas Intermediate oil advanced on Monday session and traded close to its strongest level in a three-week period amid speculation that the geopolitical tension in the Ukraine's Crimea eased over the last few days. WTI for settlement in May slipped as much as 36 cents to $101.31 per barrel on the NYMEX as of 12:39 p.m. in London.

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