Brent rises as inventories rise more than expected last week

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Source: Bloomberg
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.

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Fri, 31 Jan 2014 08:32:07 GMT

Asia's stocks fall as Fed tapers off

The majority of Asian shares declined on Friday trading session amid speculation that the U.S. Federal Reserve decision to cut its monetary easing further may cause less liquidity on emerging markets despite favourable economic data about the performance of the world's largest economy. The MSCI Asia-Pacific gauge outside Japan slipped 0.1% and it has dropped 5% this month.

Thu, 30 Jan 2014 15:39:05 GMT

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

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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