WTI trims weekly drop before payrolls

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Source: Bloomberg
West Texas Intermediate crude increased on Friday trading session trimming its second weekly decrease before the world's largest oil consumer released a report showing an advanced in jobs added last month. WTI for settlement in June climbed as much as $0.48 to a level of $99.90 per barrel on the NYMEX and it was last seen at $99.88 by 9:04 a.m. in London.

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Fri, 02 May 2014 11:25:03 GMT

Brent gains as Ukraine tension escalates

The European benchmark Brent crude jumped on Friday session paring its weekly fall as the geopolitical tension between the Russian Federation and Ukraine is escalating and as Libya is set to resume crude exports from Zueitina oil field. Brent for delivery in June climbed as much as 41 cents to $108.17 per barrel on the London's ICE Futures Europe exchange.

Fri, 02 May 2014 11:14:04 GMT

Sweden manufacturing activity expands slower in April

Factory sector activity in Sweden continued to increase in April, however the pace of growth slightly weakened from the month before, a data published by the Swedbank showed on Friday. According to the data, the nation's manufacturing purchasing managers' index eased from 56.5 points in March to 55.5 in the following month.

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