WTI gains amid cold weather in U.S. boosting demand

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Source: Bloomberg
West Texas Intermediate oil increased on Thursday trading session rising towards the strongest level in a month after an arctic cold weather in the U.S., the world's largest oil consumer, boosted heating fuel demand. WTI for settlement in March advanced 61 cents to $97.97 per barrel on the NYMEX and was last seen at $97.78 by 1:15 p.m. in London.

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Thu, 30 Jan 2014 15:50:04 GMT

Brent rises as inventories rise more than expected last week

The European benchmark Brent crude slightly increased on Thursday after the Energy Information Administration reported that stockpiles in the U.S. jumped last week by 6.4 million barrels compared to initially estimated gain of 2.25 million. Brent for delivery in March surged as much as 4 cents to $107.89 per barrel on the London's ICE Futures Europe exchange.

Thu, 30 Jan 2014 15:25:04 GMT

German HICP stays unchanged in January

Inflation in Germany measured as harmonized index of consumer prices remained stable in January, while it was forecast to record an increase, the latest data revealed by the Federal Statistical Office showed on Thursday. According to the data, the country's HICP added 1.2% in January after recording the same figure in the month before, whereas it was projected to slip

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