Arab Today, arab today oil rises on fed easing moves
Last Updated : GMT 21:31:16
Arab Today, arab today
Arab Today, arab today

Oil rises on Fed easing moves

Arab Today, arab today

Arab Today, arab today Oil rises on Fed easing moves

New York - XINHUA

Crude prices advanced on Wednesday as the U.S. Federal Reserve decided to continue its asset-buying program and extend the Operation Twist after a two- day meeting and the largest U.S. refinery caught fire due to a fractured pipe. However, the gains were limited as the weekly report showed U.S. crude oil inventory rose last week. Light, sweet crude for January delivery added 98 cents, or 1.14 percent, to settle at 86.77 dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery also gained and last traded around 109 dollars a barrel.

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