Friday, November 2, 2012

20121102 1230 Global Markets & Energy Related News.

GLOBAL MARKETS-Asian shares rise as positive data buoys risk appetite(Reuters)
Asian shares rose as investor risk appetite returned after overnight data suggested some stabilisation in the global recovery trend, particularly in the world's top two economies, the United States and China. "Asian economic indicators are consistent with a risk-on strategy, but we remain risk selective," said Morgan Stanley in a research note.

U.S. crude stocks fall, products mixed last week – EIA(Reuters)
U.S. crude stocks fell unexpectedly last week as imports dropped sharply, while oil product inventories were mixed as refinery utilization rose, the U.S. Energy Information Administration reported on Thursday.

OIL-Brent slips, U.S. crude higher as stockpiles drop(Reuters)
Brent crude prices fell on Thursday on returning North Sea supply and euro-zone concerns, while U.S. gasoline edged higher as support from supply disruptions after super storm Sandy countered any pressure from data showing rising inventories.

NATURAL GAS-Most US natgas futures end higher, storage hits record(Reuters)
Most U.S. natural gas futures ended slightly higher on Thursday, with the front contract propped up by colder weather forecasts for the next two weeks despite bearish concerns about a government report showing inventories hit record highs. "The (EIA) build was not far off the mark, but we're expecting a little cold coming in, so that's holding us up," a Pennsylvania-based trader said.

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