December 11, 2012 10:30 AM

printer

Oil prices rise in Asia on expectations of Fed stimulus to US economy

Oil prices rose in Asian trade today on expectations of fresh stimulus measures from the US Federal Reserve to perk up the struggling US economy. New York's main contract, light sweet crude for delivery in January delivery gained three cents to 85.59 dollars a barrel and Brent North Sea crude for January advanced eight cents to 107.41 dollars.The US central bank's policy-setting Federal Open Market Committee, FOMC is expected to announce new measures to stimulate the economy at the end of a two-day meeting that starts late today

Most Read
View All arrow-right

No posts found.