Brent moves higher as inventories are expected to rise

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Source: Bloomberg
European benchmark index Brent crude advanced on Tuesday trading session after a survey showed that stockpiles in the world's largest oil consumer, U.S., increased by 1.1 million barrels in seven days to December 20 before the official EIA report. Brent for delivery in February added 3 cents to $111.59 per barrel on the London's ICE Futures Europe exchange.

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Tue, 24 Dec 2013 11:48:05 GMT

Shares in U.K. rise before U.S. durable goods

U.K. equities increased on Tuesday rising for the fifth straight session in a holiday-shortened session before a government report showed that new home sales and durable goods orders in the world's largest economy advanced last month. The broadest FTSE All-share Index gained 0.3%, the Irish benchmark gauge ISEQ Index dropped 0.1% and the FTSE 100 Index jumped 0.4% to 6,702.65.

Tue, 24 Dec 2013 11:22:04 GMT

WTI falls for second successive day

West Texas Intermediate crude declined on Tuesday falling for the second straight session and reducing its first monthly gain in four months on speculation that price increases seen recently may be unsustainable. WTI for settlement in February dropped 38 cents to $98.53 per barrel on the NYMEX and traded at $98.77 by 4 p.m. in Singapore.

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