Crude oil rises to USD 86 per barrel

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Source: Marketwatch

Crude oil futures increased by 2.2 percent to USD 86.11 per barrel following American Petroleum Institute statement that the supplies in the United States experienced a sharper decrease than anticipated the week before. According to data provided by API, the supplies of crude oil for the previous week dropped in the amount of 1.8 million barrel. In contrast, distillate inventories rose 1.8 million barrels; gasoline inventories increased by 1.4 million barrels the same week.

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Wed, 06 Jun 2012 19:01:25 GMT

U.S. non-farm productivity for the first quarter revised to 0.9% decrease

On Wednesday, the Bureau of U.S. Labor Statistics reported that the figure for productivity of non-farm business sector was revised down to the level of 0.9% drop in Q1 . This is a steeper decline than an earlier estimated drop of 0.5% and also a sharper fall than expected 0.7%. The bureau also reported that unit labor costs grew by 1.3%, which is less than

Wed, 06 Jun 2012 18:39:26 GMT

GBP 40 billion of undeclared losses by British banks

The Daily Telegraph announced that, according to an advisory company PIRC, British banks are facing undeclared losses in the amount of GBP 40 billion (USD 61.5 billion), which does not allow them to provide the necessary loans to families and businesses. The newspaper indicated that PIRC investigated major 5 banks in the UK and concluded the following: Royal Bank of Scotland has undeclared losses totaling

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