WTI rises for 3rd day as inventories fall

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Source: Bloomberg
West Texas Intermediate oil advanced on Wednesday rising for the third straight session on speculation that a government report may show a decline in distillate-fuel stockpiles in the world's largest consumer, U.S. WTI for delivery in March rose 63 cents to $95.60 per barrel on the NYMEX and was last seen at $95.56 as of 3:30 p.m. in Singapore.

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Wed, 22 Jan 2014 10:49:06 GMT

Brent rises as IEA reports increase in global oil consumption

The European benchmark Brent crude gained on Wednesday trading session after the IEA's report showed that global oil consumption may advance daily by 1.3 million barrels, or 1.4%, to a level of 92.5 million in 2014. Brent for March delivery increased 46 cents to $107.19 per barrel on the London's ICE Futures Europe exchange.

Wed, 22 Jan 2014 10:27:04 GMT

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