Brent falls pushing the WTI-Brent spread to $6.38

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Source: Bloomberg
The European benchmark Brent crude slipped on Friday session with the WTI-Brent discount narrowing to $6.38 today from January's level of $8.91 after inventories in the U.S. shrank and as maintenance season may bring lower demand. Brent for delivery in April dropped as much as 34 cents to $108.62 per barrel on the London's ICE.

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Fri, 28 Feb 2014 15:02:31 GMT

RBI raises rates pushing bond-yields higher

India's government bonds declined on Friday capping its worst performance in a month since November amid concerns that demand for the nation's securities may fall as the Reserve Bank of India raised its repurchase rate. India's benchmark 10-year yields climbed by nine basis points to 8.86% after the RBI increase the rates from 7.75% to 8%.

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