WTI declines as gasoline supplies expand

Source: Bloomberg
The Texas light sweet slid for a second day with fuel inventories increasing in the US. As 3.6 million barrels of gasoline were added to the inventories last week the September futures lost 60 cents and the WTI traded at $101.79 a barrel on NYMEX. Simultaneously, Brent for delivery the same month rose by six cents to $107.39 a barrel in London.
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Wed, 23 Jul 2014 15:57:08 GMT

South Korea's economy slips in Q2

Asia's fourth largest economy presumably experienced its weakest growth in the second quarter of the year since the beginning of 2013. The economy gained only 0.7% from April to June. South Korea's economy gained from a boost in the global economy, whereas domestic demand fell due to the ferry sinking in April. The BoK believes the economy will accelerate in the third quarter of 2014. 

Wed, 23 Jul 2014 15:35:09 GMT

Bank of England leaves interest rate unchanged

Some members of the MPC see that the probability of a rate hike is falling, as growth becomes stationary. Officials voted 9-0 to leave the benchmark rate unchanged at 0.5%. Since the economy is heading for levels of economic growth last seen before the financial crisis, officials' are starting to focus on a rate increase for the first time in

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