Oil trades close to 1-month low as fuel stockpiles seen increasing

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Source: Bloomberg
© Scanpix/AP
Oil was close to a one-month low in New York amid speculation a report will indicate an increasing fuel stockpiles in the U.S, the world's biggest oil consumer. Crude for January settlement traded at $85.59 a barrel, up 3 cents. The contract fell 37 cents to $85.56 a day earlier, the lowest close since November 15. Brent for January delivery traded at $107.31 a barrel, falling 2 cents. 
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Tue, 11 Dec 2012 10:43:00 GMT

Asian stocks advance ahead of Fed's meeting

Asian stocks advanced before the Fed's policy meeting and as a progress in the U.S. "fiscal cliff" talks is awaited. The MSCI Asia Pacific Excluding Japan Index rose 0.2% to 459.95, poising for the highest close since August 2011. Australia's S&P/ASX 200 Index added 0.4% and South Korea's Kopsi Index gained 0.1%. Hong Kong's Hang Seng Index advanced 0.2%, while

Tue, 11 Dec 2012 09:37:51 GMT

Greenback stays lower against Euro, Yen on speculation over Fed's further stimulus

The U.S. Dollar stayed lower versus the Japanese Yen and Euro on speculation the Fed will announce further monetary stimulus at its 2-day meeting starting today. The greenback lost 0.1% to $1.2957 per Euro at 6:23 a.m. London time after falling 0.1% yesterday. It touched 82.33 yen after weakening 0.2% a day earlier to 82.36. 

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