Crude oil fall following industrial output data in the US

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Source: Forexpros

Crude oil futures fell for the second consecutive day after the report on the declined industrial production in the US. On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD93.47 a barrel at late U.S. trading hours on Thursday, losing 1.61% during the session.

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Fri, 16 Dec 2011 09:39:46 GMT

Russia set to join WTO after 18 years of negotiations

After 18 years of talks over the membership, Russia finally will become a member of the WTO at the ceremony in Switzerland due on Friday. The Swiss backed up Russia to solve the conflict with Georgia that has blocked Russian membership in the WTO since short war period in 2008. Russia is the largest economy to become a member of the WTO.

Fri, 16 Dec 2011 10:01:39 GMT

UK derivative law may be abandoned

EU leaders may abandon UK derivative legislation after PM Cameron's attempt to protect country's financial sector almost ruined EU summit, said 4 officials familiar with matter. Analysts suggest that possible crumbling of UK's derivatives could be a notice from EU officials that British veto alone cannot strengthen its financial system. 

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