Brent trades near the highest in nine month

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Source: Bloomberg
Brent traded near the highest level in nine month after advancing for the fourth week.  It is said that world powers will not be able to stop Iran's technological progress. Brent for March delivery slid by 29 cents to $118.61 a barrel, while the contracts rose $1.66 to $118.90, the strongest since May. Meanwhile WTI oil for March settlement stood at $95.55 a barrel, and the volume of all futures traded was 41% lower than the 100-day average.

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Mon, 11 Feb 2013 10:49:08 GMT

Pound drops against Euro after London job vacancies sore 76%

The Pound Sterling debased versus the Euro after a report indicated job vacancies offered by London financial-services companies rose 76% in January. The Pound slid 0.7% to 85.11 pence per Euro, the most since January, while it plunged 0.5% to $1.572, the strongest since February.

Mon, 11 Feb 2013 17:00:10 GMT

U.S. shares advance for a sixth straight week

The U.S. equities posted gains for a sixth consecutive week on Friday on better-than-expected corporate profits after European leaders reached a budget deal. The S&P 500 index increased 0.3% for the week to close at 1,517.93. All but one group in the equity gauge edged higher. Microchip Technology, the leading provider of microcontrollers, posted biggest gains in the gauge

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