Brent falls pushing the WTI-Brent spread to $6.38

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Source: Bloomberg
The European benchmark Brent crude slipped on Friday session with the WTI-Brent discount narrowing to $6.38 today from January's level of $8.91 after inventories in the U.S. shrank and as maintenance season may bring lower demand. Brent for delivery in April dropped as much as 34 cents to $108.62 per barrel on the London's ICE.

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Fri, 28 Feb 2014 15:02:31 GMT

RBI raises rates pushing bond-yields higher

India's government bonds declined on Friday capping its worst performance in a month since November amid concerns that demand for the nation's securities may fall as the Reserve Bank of India raised its repurchase rate. India's benchmark 10-year yields climbed by nine basis points to 8.86% after the RBI increase the rates from 7.75% to 8%.

Fri, 28 Feb 2014 15:17:12 GMT

Australia's dollar reverses its biggest monthly advance

It is projected that the Australian Dollar will end its biggest advance since September as the economy signals that the limited growth will decrease yields. Australia's currency advanced 2.4% this month, the largest gain among 10 major counterparts after Norway and New Zealand. The Aussie was little changed at 89.63 cents at 5:45 p.m. in Sydney, slipping from the level of 90.81 touched on Feb.

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