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Prices of North Sea Brent crude and U.S. WTI crude moved further apart Wednesday, as poor macroeconomic data continued to pull against the promise of further monetary stimulus.At 0923 GMT, June Brent was trading down 50 cents, or 0.5%, at $103.18 a barrel. Nymex front-month crude was down 71 cents, or 0.8%, at $93.59 a barrel.The price difference between Brent crude and its U.S. counterpart, known as the spread, has grown, after shrinking earlier in the week.On Monday the front-month spread closed at $7.65 a barrel, its narrowest since mid-February, as Brent's price fell towards the $100 mark. By Wednesday, the spread had widened back out to $9.54 a barrel and Thursday is trading above $9.80 a barrel.The widening of the spread could indicate that Brent is recovering somewhat, and also that the glut of U.S. crude is weighing on the price of WTI.Bjarne Schieldrop, analyst at SEB Commodity Research, said that looking at the longer-term picture gave a different story, however."One interest...
Eric Shawn gets Amb. John Bolton’s take
Crude-oil futures were trading slightly higher in Asia Thursday, recovering part of their overnight losses, ahead of some U.S. economic data but analysts were keepin...
Amy Kellogg reports from London
International talks on Iran's nuclear program will resume Feb. 26, the European Union said Tuesday, the latest attempt to persuade Tehran to scale back nuclear activ...
Where does nuke program stand?
Amb. John Bolton weighs in
Steve Centanni reports from Washington, D.C.
FNC Middle East and terrorism analyst Dr. Walid Phares on protests in Egypt.
It is a nightmare scenario: Iran armed with nuclear weapons
Amb. John Bolton weighs in
A look back at the year that was and ahead to what's in store for 2013
The government of the United Arab Emirates said Monday it has signed an agreement with Russia on the development and use of civilian nuclear power, as the wealthy Gu...
Crude-oil futures fell in Asian trading Thursday amid continued worries over global economic growth and falling U.S. gasoline consumption pushing Nymex below $94 a b...
Japan is preparing to start up a massive nuclear-fuel reprocessing plant over the objections of the Obama administration, which fears the move may stoke a broader ra...
One of Britain's biggest companies has made millions of pounds selling goods to Iran, including to a state-owned firm that supplies the regime's nuclear program, U.K...
One of Britain's biggest companies has made millions of pounds selling goods to Iran, including to a state-owned firm that supplies the regime's nuclear program, U.K...
What is impact for United States?
Will strategy work with rogue nation?
Amb. John Bolton on his predictions
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