Oil futures reach one-week high on Spanish bailout optimism

Note: This section contains information in English only.
Source: Bloomberg
Crude oil futures for November settlement were up by 31 cents to $92.40 during Asia trading hours. Oil price is pushed up by optimism that Germany might ease resistance to a bailout for Spain and provide a preventive credit line. Also, yesterday's data for the U.S. factories output exceeded estimations twice, as the figure rose by 0.4% in September. Today market is waiting for the U.S. crude oil inventories data, which according to estimations should increase by 1.4 million.
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Wed, 17 Oct 2012 11:59:28 GMT

U.K. jobless rate declines in June-August

U.K. unemployment rate slipped unexpectedly in August, the Office for National Statistics said on Wednesday. The rate dropped to 7.9% between June and August, compared to 8.1 in the March-May period. Economists estimated no change in the rate. The average earnings advanced 1.7% on year, above forecast of 1.6% rise. The amount of jobless claims slid by 4,000 on month

Wed, 17 Oct 2012 12:10:28 GMT

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