Brent gains as tension in Ukraine continues

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Source: Bloomberg
The European benchmark Brent crude increased on Friday and was set to record its first weekly gain in May on speculation that geopolitical tension in Ukraine could disrupt Russian supplies to European countries. Brent for settlement in July advanced as much as $0.32 to $109.41 per barrel on the London's ICE Futures Europe exchange. 

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Fri, 16 May 2014 17:07:03 GMT

WTI gains as Cushing stockpiles fall

West Texas Intermediate crude rose on Friday trading session heading towards its second weekly advanced after an industry report showed that inventories in Oklahoma's Cushing dropped for the fifth week to the weakest level since late 2008. WTI for delivery in July added 21 cents to a level of $101.71 per barrel on the NYMEX.

Fri, 16 May 2014 16:45:02 GMT

European shares fall on GDP report

The majority of European equities declined on Friday trading session with the benchmark stock index recording its largest drop in four weeks yesterday after the euro-area showed in a report that the region's GDP trailed estimates. The Stoxx 600 Index fell as much as 0.1% to a level of 338.12 points by 1:47 p.m. London time with one stock rising

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