WTI fluctuates on China's factory data

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Source: Bloomberg
West Texas Intermediate crude was little changed on Thursday trading session as it traded near the strongest level in over four weeks after the world's second largest economy showed in a report that its manufacturing sector improved. WTI for settlement in July slipped 21 cents to $103.86 per barrel on the NYMEX as of 3:55 p.m. in Seoul.

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Thu, 22 May 2014 10:50:09 GMT

U.K. economy jumps on consumer spending

Economic growth in the United Kingdom climbed to 0.8% in the first quarter of this year, in line with the preliminary estimations. Consumer spending increased 0.8% and added 0.5% to the overall GDP advance. Thefore, country's economy surges for the 10th consecutive quarter. At the same time, exports decreased 1% in Q1, while imports shrank 1.1%. Government spending added 0.1%.

Thu, 22 May 2014 10:28:06 GMT

Eurozone's private sector gains in May

Private sector in the euro-area grew at a stable pace in May recording its best three-month period in three years, a report published by the Markit Economics showed on Thursday. According to the report, the Eurozone's purchasing managers' index for both service and manufacturing sector posted 53.9 points in May, slightly down from April's score of 54 points.

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