WTI falls as oil inventories rises and government shuts down

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Source: Bloomberg
© Scanpix/FP
West Texas Intermediate crude declined on Wednesday falling for the ninth time in a 10-day period amid increasing oil stockpiles and as the first partial shutdown of the U.S. government in 17 years may reduce demand for the oil and the country's economic growth. WTI November futures dropped 58 cents to $101.46 a barrel in the NYMEX and were traded at $101.55 as of 1:35 p.m. in Singapore

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Wed, 02 Oct 2013 07:57:04 GMT

Corn drops amid concern Department of Agriculture closes reducing overseas demand

Corn futures slipped on Wednesday and were traded close to the lowest level in three years amid concern that despite the partial shutdown of the U.S. government the Department of Agriculture closes reducing the overseas demand as supplies rise. Corn for delivery in December fell 0.8% to $4.355 a bushel on the CBOT and were traded at $4.36 as of

Wed, 02 Oct 2013 07:28:04 GMT

Greenback trades near 8-month low after manufacturing data

The U.S. Dollar traded close to its lowest level in eight months on Wednesday as a report showing that the manufacturing sector rose more than expected overshadowed concerns about the length of the first partial shutdown of the U.S. government in 17 years. The Greenback was at $1.3523 per Euro after it fluctuated in a range of $1.3462 and $1.3569.

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