Commodity markets fell across the board Tuesday morning, but regained strength in the afternoon, helped by among other things an unexpected US interest rate cut.
Brent crude for March dropped to a six-week low of USD 85 barrel in early trade yesterday, before strengthening in the afternoon to settle at USD 88.45/barrel, up 94 cents from the previous close. Prices were lifted after the Federal Reserve made an emergency cut in the interest rate of 75 basis points to 3.5 per cent, in an effort to support the weakeningUS economy.On the New Yor
Mittwoch, 23.01.2008, 08:02 Uhr
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