Oil rebounds from a 2-month low on ECB

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

On Thursday, oil retreated from a 2-month low, as the 17-nation currency appreciated versus the U.S. counterpart before the upcoming ECB meeting, supporting demand for commodities. On the NYMEX, November delivery futures for light sweet crude hit a session high of $88.76 per barrel, and consolidated at $88.60 by 8:46 a.m. in London.

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Thu, 04 Oct 2012 11:41:32 GMT

BoE holds key rate unchanged

The Bank of England kept the base rate of interest at the record low of 0.25% for the 44th consecutive month and decided to hold off any further economy-boosting measures. Economists had widely forecast such outcome. Analysts expect no further quantitative easing until November, when the latest investment of 50 billion Pounds is used up. The total commitment in bond-purchasing

Thu, 04 Oct 2012 12:13:48 GMT

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