Friday, June 15, 2012

Oil prices could rise as OPEC cuts back

Oil futures were up on speculation that the Federal Reserve may take steps to stimulate the economy, Bloomberg reports.

Oil traded at a four-day high as markets responded to news of more possible stimulus and on OPEC?s call for its members to cut production. The Organization of Petroleum Exporting Countries is recommending a reduction in output by 1.6 million barrels a day.

Mike W. Thomas covers technology, military, regulatory issues and does small-business reporting/editing.

hobbit trailer greenhill nj plane crash plane crash new jersey beef o bradys bowl the hobbit the hobbit an unexpected journey

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.