Brent gains as fuel and distillate stockpiles rise more than forecast

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Source: Bloomberg
The European benchmark Brent crude rose on Thursday after an industry report revealed by the Energy Information Administration showed that inventories in the U.S., the world's largest consumer of the commodity, increased more than projected. Brent for delivery in February gained as much as 0.6% to $107.74 per barrel on the London's ICE Futures Europe exchange.

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Thu, 09 Jan 2014 12:41:06 GMT

WTI rises before ECB policy meeting

West Texas Intermediate crude increased on Thursday rebounding from the lowest level in six weeks after the U.S. currency fell against the Euro before the European Central Bank revealed its decision about interest rate cuts on today's policy meeting. WTI for delivery next month jumped 52 cents and traded at $92.71 on the NYMEX by 9:39 a.m. in London.

Thu, 09 Jan 2014 12:19:03 GMT

Spain's bond yields drop to all-time low

Government bonds in Spain increased on Thursday with 2- and 5-year yields falling to all-time lows after the country's auction yesterday totalling 3.53 billion euros in five-year securities with the lowest yields ever. Spain's 2-year bond yields declined six basis points to 0.98% as of 10:02 a.m. in London following a drop to 0.969%.

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