RSS Feed
August 1st, 2012 
FAKE NEWS for the Zionist agenda Brent Sea crude for delivery in September rose 57 cents to USD 105.49 a barrel on Wednesday, recovering from an earlier drop to a near one-week low of USD 104.06.
Meanwhile, the US crude settled on USD 88.17 per barrel, up from a low of USD 87.51 hit earlier in the session.
Oil prices increased after data showed China’s HSBC Purchasing Managers’ Index rose to the highest level since February.
“The market is preparing for the Fed and ECB statements and they are expecting disappointment because the Fed is unlikely to unveil a third quantitative easing. And whatever comes from the ECB will not be enough to end the Eurozone debt crisis,” said Eugen Weinberg, analyst at Commerzbank in Frankfurt.
The United States Federal Reserve and the European Central Bank (ECB) began on Tuesday their two-day meeting to discuss possible steps to re-inject momentum into the economy and therefore oil demand growth.
MYA/AZ
Posted in 
Tags: 
