oil rebounds on fed stimulus speculation
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Oil rebounds on Fed stimulus speculation

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Oil rebounds on Fed stimulus speculation

New York - AFP

World oil prices rebounded Wednesday as traders shrugged off mixed US energy inventories to focus on a report that the Federal Reserve is weighing a potential new stimulus measure for the US economy. New York\'s main contract, West Texas Intermediate (WTI) or light sweet crude for April, gained $1.46 to close at $106.16 a barrel. In London trade, Brent North Sea crude for April settled at $124.12 a barrel, surging $2.14 from Tuesday\'s closing level. Crude futures had fallen sharply on Tuesday, shedding about $2 on the back of worries over Greece\'s massive bailout deal and dimmer economic growth prospects in China and Europe. But an improved picture for the Greek deal and the report on the US central bank helped turn around sentiment. \"Crude was boosted by a story in the Wall Street Journal that the Fed was considering a fresh variation on its bond-buying program, once again raising speculation of further central bank stimulus,\" said GFT markets analyst David Morrison. \"Investors are so desperate for signs of further Fed intervention that they are jumping on anything,\" he added. The energy market also remained underpinned by ongoing tensions between the West and major crude producer Iran over its nuclear program. Iran has repeatedly denied that it is building an atomic bomb, saying the program is for peaceful purposes. The closely watched weekly US energy stockpiles report Wednesday was mildly bullish for oil prices. The US Department of Energy said crude inventories grew 800,000 barrels in the week to March 2, less than traders had anticipated.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil rebounds on fed stimulus speculation oil rebounds on fed stimulus speculation

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil rebounds on fed stimulus speculation oil rebounds on fed stimulus speculation

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 03:40 2017 Thursday ,27 July

Jordan dealt with embassy’s crime in accordance

GMT 05:03 2012 Thursday ,14 June

BBC to launch Focus on Africa TV programme

GMT 19:11 2017 Thursday ,03 August

Why it will feel like 56°C in Dubai today

GMT 07:24 2018 Saturday ,13 January

Tunisia protesters give government yellow card

GMT 10:47 2018 Monday ,01 January

Bahrain weather forecast

GMT 13:26 2017 Sunday ,15 October

'Rat Film' highlights Baltimore's rodents, racism

GMT 18:01 2013 Monday ,01 April

Etro introduces Rajasthan Eau de Parfum

GMT 08:27 2017 Thursday ,02 February

Qaeda stands to gain from Trump strikes on Yemen

GMT 14:14 2015 Sunday ,01 November

Ministry of Education drafting new code of conduct
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice