WTI rises as report shows drop in stockpiles

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Source: Bloomberg
West Texas Intermediate oil increased on Friday trading session rising for the fifth successive day and was set to record the largest weekly gain since December as distillate-fuel stockpiles in the U.S. dropped according to the EIA report. WTI for March settlement jumped 38 cents to $97.70 per barrel on the NYMEX and last traded at $97.58 as of 3:55 p.m. in Singapore.

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Fri, 24 Jan 2014 12:20:03 GMT

Natural gas rises as weather stays cold until end of January

Natural gas futures traded in New York increased on Friday trading session and were set to reach the largest weekly advanced since September 2012 after a weather forecast showed that temperatures in the U.S. may stay below normal through the end of January. Natural gas for February settlement added 3.5% to $4.896 a million British thermal units on the NYMEX.

Fri, 24 Jan 2014 11:55:04 GMT

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