WTI rises as TransCanada Corp starts pipeline next month

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Source: Bloomberg
West Texas Intermediate crude increased on Wednesday rising for the fourth straight session recording the longest streak of gains since August after TransCanada Corp. revealed its plan to start the Keystone XL pipeline in January and as data showed inventories in the U.S. dropped. WTI for delivery in January slipped $1.35 to a level of $97.39 a barrel on the NYMEX.

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Wed, 04 Dec 2013 11:30:04 GMT

Brent rises as inventories in U.S. fall

The European benchmark Brent crude increased on Wednesday after an industry report revealed that crude stockpiles in the world's largest oil consumer, U.S., decreased to 377.8 million barrels in the week ended November 29. Brent for settlement in January gained 40 cents or 0.4% to $113.02 a barrel on the London's ICE Futures Europe Exchange.

Wed, 04 Dec 2013 10:13:09 GMT

UAE non-oil private sector grows at record pace in November

Business activity of non-oil private sector in the United Arab Emirates accelerates at the fastest rate all-time in November amid the steepest increase in new orders and new export business, a survey published by the Markit Economics revealed on Wednesday. The UAE purchasing managers' index grew to 58.1 from October's level of 56.3.

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