WTI falls amid Middle East conflict

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Source: Bloomberg
West Texas Intermediate oil declined on Monday snapping its 3-day rally amid concerns that conflict in Middle East may worsen after the Syrian government forces began an offensive against rebels. WTI for settlement in June declined by 69 cents to $95.33 a barrel on the NYMEX and was traded at 95.47 a barrel as of 10:50 a.m. in London.

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Mon, 20 May 2013 12:44:04 GMT

Treasuries fall amid favourable economic data

U.S. Treasuries declined on Monday pushing the benchmark 10-year yields towards the highest level in a two-month period on speculation that Federal Reserve may begin reducing its bond purchases amid favourable economic data. 10-year bonds yielded at 1.98% as of 6:08 a.m. in New York after they rose five basis points last week to 1.98%, the highest level since March

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