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Author	Topic: Oil Rises to Four-Month High Before Federal Reserve Statement	Post a Reply Back to Topics

WxVette Rookie Author Omaha Posts:34 Points:1,012,455 Joined:Jul 2007	Message Posted: Jan 30, 2013 8:31:46 AM Ignore WxVette Report Abuse Oil advanced to the highest level in more than four months before a Federal Reserve policy statement that may signal the U.S. central bank will take additional steps to stimulate the economy of the world’s biggest crude user. West Texas Intermediate rose as much as 0.7 percent to the highest since Sept. 17. Crude is poised for a third monthly gain, the longest run since April 2011. The Federal Open Market Committee will renew its commitment to purchasing assets during a two-day meeting that began yesterday, according to a Bloomberg News survey of 44 economists. Economic confidence in the euro area rose more than economists forecast in January, adding to signs that the 17-nation bloc may be emerging from a recession. “We would expect a status-quo announcement from the Fed with an ac Visit Bloomberg for full article

WxVette

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Message Posted: Jan 30, 2013 8:31:46 AM

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Oil advanced to the highest level in more than four months before a Federal Reserve policy statement that may signal the U.S. central bank will take additional steps to stimulate the economy of the world’s biggest crude user.

West Texas Intermediate rose as much as 0.7 percent to the highest since Sept. 17. Crude is poised for a third monthly gain, the longest run since April 2011. The Federal Open Market Committee will renew its commitment to purchasing assets during a two-day meeting that began yesterday, according to a Bloomberg News survey of 44 economists. Economic confidence in the euro area rose more than economists forecast in January, adding to signs that the 17-nation bloc may be emerging from a recession.

“We would expect a status-quo announcement from the Fed with an ac
Visit Bloomberg for full article

REPLIES (newest first)Ignore Short Messages

doctorindyj Champion Author Santa Fe Posts:3,448 Points:838,835 Joined:Nov 2009	Message Posted: Jan 30, 2013 12:53:30 PM Ignore doctorindyj Report Abuse Maybe it would be a good idea to wait until after they actually say something.
WalkingWV Champion Author West Virginia Posts:3,701 Points:778,845 Joined:May 2008	Message Posted: Jan 30, 2013 11:04:38 AM Ignore WalkingWV Report Abuse $3.65 this morning, that means a 51¢ increase from $3.14 last Wednesday. DISGUSTING
mastermariner Champion Author Texas Posts:4,247 Points:493,010 Joined:Jun 2011	Message Posted: Jan 30, 2013 9:48:55 AM Ignore mastermariner Report Abuse Some one is passing wind again
K9LO Champion Author North Dakota Posts:2,680 Points:543,005 Joined:Nov 2010	Message Posted: Jan 30, 2013 9:20:59 AM Ignore K9LO Report Abuse What can the Feds do about the oil prices. Gasoline is up in Minot ND. The gas prices are almost the highest in ND. Distributors should be ashamed for price gouging the people of Minot, ND.
bar1035 Champion Author Charlotte Posts:9,150 Points:1,297,245 Joined:Aug 2006	Message Posted: Jan 30, 2013 9:10:57 AM Ignore bar1035 Report Abuse What that means is Helicopter Ben pumping in more money to ruin America
bills299 Champion Author Atlanta Posts:3,361 Points:903,515 Joined:May 2005	Message Posted: Jan 30, 2013 8:38:38 AM Ignore bills299 Report Abuse When are the speculators wrong?