Tue, 11 Sep 2012 13:14:45 GMT
Oil near 3-week high on Europe's bailout plan, Fed
On Tuesday, futures for oil were traded
close to 3-week high on expectations of further monetary stimulus in
U.S. and concerns over Europe's bailout plan. On the NYMEX, October
delivery futures for crude were traded at USD96.50 per barrel at
12:12 London time, which was a USD0.04 decline. Yesterday, the
contracts grew to USD96.54, which was a 3-week high.