WTI trades near 2-week high on low inventories

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Source: Bloomberg
West Texas Intermediate crude increased on Thursday rising towards the highest level in two weeks after inventories in the U.S., the world's biggest consumer of oil, declined by more than economists initially forecast. WTI for delivery next month jumped 47 cents to $94.64 per barrel on the NYMEX and was traded at $94.19 by 1:30 p.m. in London.

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Thu, 16 Jan 2014 15:23:05 GMT

Brent falls as Libya's oilfield operates again

The European benchmark Brent crude dropped on Thursday trading session extending its streak of declines as second largest oilfield in Libya, the Africa's biggest holder of oil reserves, started operating again as protesters agreed with government's offer. Brent for delivery in February shed 69 cents to $106.44 per barrel on the London's ICE Futures Europe exchange.

Thu, 16 Jan 2014 14:50:03 GMT

European stocks are little changed as jobless claims fall

European shares fluctuated on Thursday and traded close to the strongest level in six years led by mining companies with Citigroup Inc. rising the most and after a report showed that jobless claims in the U.S. slipped to the lowest level in six weeks. The Stoxx Europe 600 Index declined 0.1% to 334.2 as of 1:36 p.m. London time.

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