Brent crude steady above $100 as Fed holds off stimulus

By International Business Times,  July 12, 2012, 03:38:33 AM EDT

(Reuters) - Brent crude stayed above $100 per barrel on Thursday, after a more than 2 percent rally in the prior session, as uncertainty over whether the U.S. Federal Reserve would launch more stimulus measures curbed investor appetites for riskier assets.

Minutes from the central bank's June meeting suggested the U.S. economy may need to worsen before the majority of policymakers will consider a third round of bond buying that could weaken the greenback and draw investors to buy dollar-denominated commodities.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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