Colosseum a.s. (Colosseum a.s.)
Commodities  |  December 13, 2012 08:35:28

Oil strengthened after Fed meeting

ColosseumYesterday's rise in oil was the strongest in the last two weeks and was associated with the announcement of the new repurchase program of bonds from the U.S. Federal Reserve. Twist the original program will be replaced by a new one, when the Fed will buy $ 45 billion in bonds to support the domestic economy. It was also decided that interest rates will remain at current very low levels at least until the unemployment rate in the U.S. again gets below 6.5%. The January oil on the CME yesterday rose by 1.1% to $ 86.77 per barrel.

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