WTI drops amid higher U.S. inventories and ECB meeting

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Source: Bloomberg
West Texas Intermediate crude declined on Friday heading for the streak of weekly drops since June 2012 on concerns that stockpiles in the world's largest consumer, U.S., are higher than expected and amid speculation that the ECB may cut interest rates on the next week's policy meeting. WTI for delivery in December slipped 1.1% to $95.30 a barrel as of 9:45 a.m. on the NYMEX.

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Fri, 01 Nov 2013 16:32:04 GMT

U.S. Treasuries fall amid favourable manufacturing report

U.S. Treasuries decreased on Friday pushing the benchmark 10-year yields to the strongest level in more than a seven-day period before a government data showed that manufacturing sector advanced for the fifth successive month suggesting a potential end of stimulus. 10-year bonds yielded at 2.58%, traded 2 basis points lower at 9:33 a.m. in New York, the strongest level since

Fri, 01 Nov 2013 16:05:04 GMT

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