Oil prices are rising on Thursday after the US Federal Reserve announced on Wednesday that it would begin a second round of quantitative easing, said players.
The Federal Reserve intends to purchase a further USD 600bn of longer-term Treasury securities by the end of the second quarter of 2011, at a pace of about USD 75bn per month.
Although the decision was in line with market expectations, the dollar fell following the announcement, offering support to oil prices, players said.
The front month contract for Brent North Sea cr
Donnerstag, 4.11.2010, 08:25 Uhr
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