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

Rookie Author
Omaha

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

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
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doctorindyj
Champion Author Santa Fe

Posts:4,985
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Message Posted: Jan 30, 2013 12:53:30 PM

Maybe it would be a good idea to wait until after they actually say something.
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WalkingWV
Champion Author West Virginia

Posts:3,875
Points:808,385
Joined:May 2008
Message Posted: Jan 30, 2013 11:04:38 AM

$3.65 this morning, that means a 51¢ increase from $3.14 last Wednesday. DISGUSTING
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mastermariner
Champion Author Texas

Posts:12,718
Points:1,082,995
Joined:Jun 2011
Message Posted: Jan 30, 2013 9:48:55 AM

Some one is passing wind again
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ErnieK9LO
Champion Author North Dakota

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Points:1,042,520
Joined:Nov 2010
Message Posted: Jan 30, 2013 9:20:59 AM

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.
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bar1035
Champion Author Charlotte

Posts:12,884
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Joined:Aug 2006
Message Posted: Jan 30, 2013 9:10:57 AM

What that means is Helicopter Ben pumping in more money to ruin America
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bills299
Champion Author Atlanta

Posts:5,936
Points:1,510,385
Joined:May 2005
Message Posted: Jan 30, 2013 8:38:38 AM

When are the speculators wrong?
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