Oil reaches 4-month high on FED stimulus programme

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Source: Bloomberg
Oil futures for October settlement added $1.15 to $99.46 a barrel during New York trading session and was $99.28 on mid trading session on Singapore on Friday. Oil price surged as the Federal Reserve announced about $40 billion monthly operations on bond buying programme, thus boosting fuel demand in the U.S. Investors had concerns that unrest in North Africa and the Middle East will reduce supply and boost prices.
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Fri, 14 Sep 2012 08:21:52 GMT

Gold surged on fresh round of QE in the US

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Fri, 14 Sep 2012 09:38:54 GMT

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