Oil prices are rising on Friday after the US Federal Reserve's third round of quantitative easing, announced in the previous session, proved somewhat more aggressive than the market had expected, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 116.65/bbl on the Ice platform, up USD 0.77 on Thursday's close, while the WTI October contract on Nymex traded USD 1 higher at USD 99.31/bbl.
The US Federal Reserve has announced a third round of quantitative easing, by buying USD 40bn of mortgage-backed securities every month until the
Freitag, 14.09.2012, 08:11 Uhr
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