WTI gains awaiting stockpile data

Source: Bloomberg
The Texas light sweet was trading at a higher level for the second day before the US fuel inventories data. Its August futures rose by 0.6% and were as high as $105.24 on the NYMEX. It is also estimated that the crude inventories declined by 2.8 million barrels, which is forecast by a Bloomberg survey in relation to tomorrow's report.
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Tue, 22 Jul 2014 14:15:13 GMT

U.K. budget deficit stable, growth boosts tax receipts

U.K. budget suffered minor changes in June as the economic upturn increased tax receipts while the government spending rose. Net borrowing amounted to 11.4 billion pounds in contrast to 11.5 billion pounds in 2013. The government revenue climbed 4.7%, whereas spending rose 3.9%. The economic indicators tell the economy is improving, which in turn provides backup for U.K. Prime Minister David Cameron before the elections

Tue, 22 Jul 2014 13:02:14 GMT

Government debt rises in the Euro Zone and EU

Data released by Eurostat reveals that the ratio between government debt and GDP rose to 93.9% in the Euro zone, representing an extra 1.2% compared to the previous quarter. Concerning the 28 countries which form the European Union, the ratio rose to 88%. Greece, Italy and Portugal registered the highest ratios of debt to GDP, while the lowest ratios were

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