Oil is slightly changed on increasing U.S. stockpiles ahead OPEC meeting

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Source: Bloomberg
Crude oil futures for January settlement were up by 11 cents to $85.90 a barrel on the New York Mercantile Exchange during Asian trading hours on Wednesday. Crude oil inventories in the U.S. were 4.27 million barrels higher in last week, what was the best result since August, but commodities investors wait for an OPEC meeting, which is held today in Vienna. OPEC delegates have to decide the group's production quota.
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Wed, 12 Dec 2012 11:15:54 GMT

Dollar remains lower against the Euro ahead the final decision from Fed meeting

The Dollar was slightly changed at $1.3006 per Euro in the very early morning at London time during Wednesday trading session. The Dollar remains lower after a 0.6% loss in the two previous days. Markets are awaiting for the final minutes from the Federal Reserve meeting, where Ben Bernanke is expected to announce an enhancement of the monetary easing programme, which

Wed, 12 Dec 2012 11:04:53 GMT

India's industrial output recovers in October

India's industrial output recovered in October, supported by electricity and manufacturing output, according to the data from the Central Statistics Office on Wednesday. Overall industrial production rose 8.2% from the previous year, while economists had a forecast of a 5.1% increase. The manufacturing sector recorded an annual expansion of 9.6 in October, while electricity output grew 5.5%.

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