Brent falls as Libya's oilfield operates again

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Source: Bloomberg
The European benchmark Brent crude dropped on Thursday trading session extending its streak of declines as second largest oilfield in Libya, the Africa's biggest holder of oil reserves, started operating again as protesters agreed with government's offer. Brent for delivery in February shed 69 cents to $106.44 per barrel on the London's ICE Futures Europe exchange.

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Thu, 16 Jan 2014 15:34:04 GMT

Natural gas rises as inventories drop last week

Natural gas futures traded in New York rose on Thursday trading session rebounding from yesterday's decline on speculation that inventories in the U.S. dropped the most all-time as arctic weather hit the U.S. last week. Natural gas for February settlement increased 2.8% to $4.445 a million British thermal units on the NYMEX.

Thu, 16 Jan 2014 15:01:04 GMT

WTI trades near 2-week high on low inventories

West Texas Intermediate crude increased on Thursday rising towards the highest level in two weeks after inventories in the U.S., the world's biggest consumer of oil, declined by more than economists initially forecast. WTI for delivery next month jumped 47 cents to $94.64 per barrel on the NYMEX and was traded at $94.19 by 1:30 p.m. in London.

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