Crude Oil Prices Firm on Upgrades in Demand Outlook

By International Business Times,  September 13, 2012, 10:07:53 AM EDT

Crude oil prices edge higher in European session as the market awaits the FOMC meeting. Heightened speculations that the Fed would announce QE3 have lifted sentiment, sending commodity prices higher. Meanwhile, upward revisions of global oil demand by oil agencies also lent supports to prices. Ahead of the FOMC meeting, RBNZ and SNB meetings were held. Both central banks left the policy rates unchanged but delivered more dovish outlooks.

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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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