WTI climbs on higher stockpiles in U.S.

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Source: Bloomberg
West Texas Intermediate crude jumped on Tuesday trading session rising to the strongest intraday level in a two-week period on speculation that inventories in the U.S., the world's largest oil user, dropped. WTI for settlement in June advanced to a level of $101.44 per barrel on the NYMEX and was last seen at $101.26 by 1:02 p.m. in London.

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Tue, 13 May 2014 16:51:03 GMT

Brent gains as inventories in U.S. rise

The European benchmark Brent crude advanced on Tuesday trading session amid speculation that stockpiles in the U.S. probably gained by 300,000 barrels in the week ended on May 16, while distillate inventories rose by 1 million barrels. Brent for delivery in June added $0.29 to $108.70 per barrel on the London's ICE Futures Europe exchange.

Tue, 13 May 2014 16:29:03 GMT

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