WTI rises as stockpiles drop

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Source: Bloomberg
West Texas Intermediate crude gained on Wednesday trading session after an industry report revealed that stockpiles in the U.S., the world's largest consumer of the commodity, fell for the third successive week before the Fed's meeting today. WTI for delivery in January expiring tomorrow added 21 cents to $97.43 a barrel on the NYMEX and traded at $97.38 as of 1:52 p.m. in Singapore.

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Wed, 18 Dec 2013 10:10:04 GMT

Brent rises as Fed may reduce monthly bond purchases to $45 billion

European benchmark Brent crude slightly gained on Wednesday trading session after a report unveiled that inventories in the world's largest oil consumer, U.S. dropped last week by 481,000 barrels and as Fed is forecast to reduce its bond-purchases to $45 billion per month. Brent for delivery in February added 0.1% to $108.59 per barrel on the London's ICE Futures Europe

Wed, 18 Dec 2013 09:48:09 GMT

Gold rises as Fed may maintain its stimulus

Gold increased on Wednesday rebounding from a notable loss recorded yesterday on speculation that the Federal Reserve may refrain from curbing its aggressive bond-purchasing program on today's policy meeting. Bullion for December settlement advanced 0.4% to $1,235.68 a ounce and traded at $1,232.48 as of 1:15 Singapore time after falling 0.8% yesterday.

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