WTI crude drops from 4-month high as U.S. retail sales decline

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Source: Bloombeg

West Texas Intermediate oil dropped from the strongest level since October when reports showed U.S retail sales fell in January and unemployment climbed last week, bolstering worries of fuel demand drop. WTI for March delivery dropped 19 cents to $100.18 a barrel in New York board of trade. The contract strengthened to $100.37, the strongest since October 18.  

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Fri, 14 Feb 2014 08:34:35 GMT

U.S. jobless claims rise modestly last week

Initial claims for unemployment benefits in the U.S. surprisingly increased in the week ended on February 8, the latest data revealed by the Labor Department showed on Thursday. According to the report, jobless claims in the world's largest economy added by 8,000 from 331,000 to last week's level of 339,000, while the claims were seen to be falling to 330,000.

Thu, 13 Feb 2014 17:55:38 GMT

Sterling adds since Dale states interest rates bets are reasonable

The Pound advanced to the highest level in two and a half years versus the Dollar, since the central bank's Chief Economist, Spenser Dale, stated investors' bets in regard to interest rates growth in two years are reasonable. Sterling strengthened in a third day against the U.S Dollar, due to unexpected drop of U.S retail sales, and gained 0.2% to $1.6634 at 3:27 p.m. in London

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