29 Jun '13, 2pm

Drumbeat: June 29, 2013

West Texas Intermediate crude fell for the first time in five days as the dollar strengthened to a three-week high against other major currencies. WTI narrowed its discount to Brent to the least in two years. Futures dropped as the Dollar Index climbed after data showed consumers were more confident than forecast in June and Federal Reserve Governor Jeremy Stein made comments on monetary stimulus. The U.S. benchmark rose for the third time in four weeks and the first month since March. For the quarter, it declined 0.7 percent.

Full article: http://www.theoildrum.com/node/10057

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