Crude oil advances after Fed comments

Source: Forexpros
Crude oil futures were marginally higher during Asian trade on Tuesday, being buoyed after the Chairman of Fed, Ben Bernanke, hinted on loosening monetary policy in the US in view of weak job market. Light sweet crude oil futures for May delivery traded at 107.05 US Dollars per barrel on the New York Mercantile Exchange, gaining 0.02%.


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