Oil advances to its biggest weekly gain since August

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Source: Bloomberg
Oil rose to its biggest weekly gain in four-month period in New York as U.S. legislators are launching a new round of "fiscal cliff" talks scheduled on Sunday to avoid tax increases and spending cuts. West Texas Intermediate added 0.7% on Friday, extending its biggest weekly advance since August. February WTI jumped 62 cents to $91.49 a barrel, while Brent for the same month added 58 cents to $111.38 a barrel.
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Fri, 28 Dec 2012 16:29:38 GMT

Japan's industrial production declines 1.7% in November

Industrial production of Asia's second largest economy declined more than projected in November, when it reversed gains from the month before, the Ministry of economy, Trade and Industry said on Friday. Japan's industrial output dropped a seasonally adjusted 1.7% in November, while forecast figure was a 0.6% lost. Year-on-year, the decline was 5.8%, also more than initial forecast of 4.6%.

Fri, 28 Dec 2012 16:07:37 GMT

U.S. stock index futures lose on Friday on fiscal cliff talks

U.S. shares recorded losses on Friday as President Barack Obama and legislators are ready to return to Washington on Sunday in order to continue with talks to avoid tax hikes and spending cuts which could bring the U.S. economy back to recession. The benchmark S&P 500 index futures fell for a fifth time this week, when lost 4.9 points, while

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