WTI gains as inventories seen falling

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Source: Bloomberg
West Texas Intermediate crude advanced on Tuesday before an industry report showed that inventories in the world's largest consumer of the oil, U.S., dropped for the second straight week. WTI for delivery in January increased 36 cents to $97.70 a barrel on the NYMEX and traded at $97.66 as of 1:13 p.m. in Singapore, while it dropped 31 cents on yesterday's session to $97.34, the least since December 4.

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Tue, 10 Dec 2013 10:47:07 GMT

Brent rises for second month in November

The European benchmark Brent crude advanced on Tuesday rising for the second successive month in November after output in Libya, the African largest oil holder, was curbed by unfavourable weather in the region. Brent for delivery next month gained 47 cents to $109.86 a barrel on the London's ICE Futures Europe Exchange.

Tue, 10 Dec 2013 10:25:12 GMT

Chinese stocks fluctuate as PBOC raises rate on Yuan

Chinese stocks swung between gains and losses after the People's Bank of China raised its rate on the local currency against the U.S. Dollar and after an industry report showed that factory output in the country advanced 10% in November. The Shanghai Composite index added 0.1%, the Hang Seng index fell 0.2% and the Hang Seng China Enterprises Index slipped

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