Crude Oil Up 10% –

Crude oil shot up almost 10% today as the central bank cut rates.  This is expected to have the effect of increasing demand for oil.  Opec is also expected to cut production at the next meeting.

To view a related article, please click here:

http://www.bloomberg.com/apps/news?pid=20601110&sid=amIGiZSmcnpg

Jim Sutliff

This entry was posted in Banking, Economic News, General, Interest Rates, Investments, Oil, OPEC, Options & Futures, Regulatory. Bookmark the permalink.