Oil prices are rising on Thursday morning on the back of renewed optimism after news that the US Federal Reserve plans to buy USD 1,250bn of government bonds and mortgage-backed securities, players said.
The Brent North Sea crude oil contract for May was last seen changing hands at USD 48.43/bbl on the ICE platform, up USD 0.77 on Wednesday's close. In New York, the WTI April contract traded up USD 0.66 at USD 48.80/bbl.
The US Federal Reserve buyout plan would help revive the housing market and reduce borrowing costs, according to various media reports. The upward price move
Donnerstag, 19.03.2009, 08:14 Uhr
Redaktion
© 2024 Energie & Management GmbH