Brent rises as inventories shrink

Source: Bloomberg
The European benchmark Brent crude increased modestly on Friday session narrowing the Brent-WTI spread from $8.33 in April to current level of $6.70 after a report unveiled that stockpiles at Cushing in Oklahoma slipped to 21.7 million barrels. Brent for delivery in July gained $0.09 to $110.06 per barrel on the London's ICE Futures Europe exchange.

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Fri, 30 May 2014 10:29:03 GMT

Japan's stocks fluctuate with Topix capping monthly gain

Japanese shares swung between gains and losses on Friday with the benchmark index Topix recording its first advanced in a month since the beginning of 2014 as power producers and tiremakers led gains. The Topix jumped as much as 0.1% to a level of 1,201.41 following an increase of 0.4% earlier on the session, while the Nikkei 225 closed 0.3%

Fri, 30 May 2014 10:07:03 GMT

WTI heads for monthly gain on lower stockpiles

West Texas Intermediate crude advanced on Friday session heading towards its first monthly gain since this February after an industry report showed that inventories in the U.S. shrank. WTI for settlement in July rose 86 cents and dropped 20 cents to $103.38 per barrel on the NYMEX as of 4:45 p.m. in Sydney.

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