WTI rises on lower stockpiles and as Fed tapers off

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Source: Bloomberg
West Texas Intermediate crude traded in New York increased on Thursday traded close to the strongest level in one week after a report showed that inventories in the U.S. dropped and as the U.S. Federal Reserve trimmed its stimulus as the economy improves. WTI for delivery in January expiring today rose 6 cents to $97.86 per barrel on the NYMEX.

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Thu, 19 Dec 2013 14:12:19 GMT

U.S. jobless claims jumped to 379,000

The total number of applications for unemployment benefits in the United States unexpectedly advanced during the previous week, reaching 379,000. Economists, in turn, predicted this number to decrease to 336,000, on average, from 369,000 a week before. Analysts said that such fluctuations usually take place closer to the end of the year, as they recommend to look at four-week average

Thu, 19 Dec 2013 14:05:06 GMT

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