WTI drops as demand falls

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Source: Bloomberg
© Scanpix/RS
West Texas Intermediate oil continued to fall on Thursday falling for the sixth day in a row extending its series of losses on 16 months after the U.S. government showed in a report that inventories increased surprisingly as demand fell. WTI futures for delivery in November dropped 46 cents to $102.20 a barrel on the NYMEX and were traded at $102.31 as of 12:48 p.m. in Singapore.

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Thu, 26 Sep 2013 06:58:03 GMT

Yen weakens amid speculation government cut taxes

The Japanese currency weakened on Thursday trimming its four-day advance against the U.S. currency amid speculations that the country's government will intend to cut corporate tax and make changes in pension funds towards riskier assets. The Yen fell 0.3% to 98.76 per U.S. Dollar at 1:27 p.m. Tokyo time and it declined 0.3% to 133.57 per Euro.

Thu, 26 Sep 2013 06:36:03 GMT

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