WTI falls on speculation over stimulus scale back

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Source: Bloomberg
West Texas Intermediate oil dropped on Friday trading session heading for a weekly fall on speculation that the Federal Reserve may trim its aggressive bond-purchasing program as the economy improves. WTI for delivery in January shed 9 cents to $97.41 a barrel on the NYMEX as of 3:31 p.m. in Singapore after rising 6 cents yesterday to $97.50.

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Fri, 13 Dec 2013 12:51:04 GMT

Brent rises as OPEC's shipments may advance this month

The European benchmark Brent crude slightly increased on Friday after an industry report showed that the OPEC may increase its oil shipments in December as heating demand advances. Brent for delivery in January expiring on December 16 gained 2 cents to $108.69 per barrel on the London's ICE Futures Europe Exchange.

Fri, 13 Dec 2013 12:29:03 GMT

Pound falls versus Euro on rising house prices in U.K.

The British Sterling weakened on Friday falling for the second straight week against the shared currency after a government report showed that house prices in the United Kingdom jumped to record highs in November. The Pound swung between gains and losses and traded at 84.18 pence a euro by 9:17 a.m. London time and it has fallen 0.4% this week.

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