Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 21, 2013 08:35:28

WTI Crude oil yesterday strengthened

ColosseumYesterday's statements by representatives of the U.S. Federal Reserve, who reported that they still allow for the continuation of the current bond buyback program was a major reason why oil has seen a profitable day. Fed plans to continue to buy bonds at the current pace, thus amounting to 85 billion USD per month until such time as the situation in the U.S. labor market will improve significantly. Just the fact that in the short term can not expect a change in Fed policy, the growth factor both for energy as well as equity markets. Yesterday's growth in oil prices has also helped its decline in U.S. stocks, which fell last week for the first time since January. May futures contracts for WTI crude oil closed yesterday at the CME on the price of $ 93.50 per barrel.

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