BANGKOK (AP) ? Oil prices rose above $93 per barrel Monday amid hopes that the European Central Bank, meeting later this week, would act to shore up economic growth.
Benchmark crude for June delivery was up 38 cents to $93.38 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 64 cents to close at $93 in New York on Friday after the U.S. government released economic growth figures that disappointed markets.
Growth accelerated to an annual rate of 2.5 percent from January through March from an anemic pace in the previous quarter. Markets were expecting growth of 3 percent or better.
The disappointing growth figure for the economy has reinforced expectations that Federal Reserve policymakers will stick with their easy money policies when they meet Wednesday in Washington. Analysts believe the European Central Bank will head in the same direction when it meets Thursday.
Michael Hewson of CMC Markets said in an email that "there is increasing speculation that the ECB could well cut interest rates this week."
Brent crude, which is used to price oil from the North Sea used by many U.S. refiners, dropped 7 cents to $103.09 on the ICE futures exchange in London.
In other energy futures trading on Nymex:
? Wholesale gasoline was down 1.7 cents at $2.811 a gallon.
? Heating oil fell 1.3 cents to $2.853 a gallon.
? Natural gas added 3.6 cents to $4.259.
Source: http://news.yahoo.com/oil-rises-over-93-despite-us-growth-letdown-100400395.html
mike adams janoris jenkins john edwards trial brandon weeden felicia day nfl 2012 draft miami dolphins
According to information provided by the National Association of Unclaimed Property Administrators (NAUPA), 1:8 people living in the U.S. are eligible to collect unclaimed money... With claims averaging claims of over $1,000!
ReplyDeleteFind Federal & State Unclaimed Funds!
I made $20 for completing a 20 minute survey!
ReplyDeleteGuess what? This is exactly what big companies are paying me for. They need to know what their customer needs and wants. So these companies pay millions of dollars every month to the average person. In return, the average person, myself included, fills out surveys and gives them their opinion.