12 September 2012 12:56 [Source: ICIS news]
SINGAPORE (ICIS)--Crude futures rose on Wednesday with ICE Brent gaining more than $1/bbl at one stage, supported by a softer US dollar and a decision by a German court in favour of the eurozone rescue fund.
Expectations that the US Federal Reserve will announce further economic stimulus plans this week added further support.
At 11:21 GMT, October Brent crude on ?xml:namespace>
October NYMEX light sweet crude futures (WTI) were trading at $97.69/bbl, up by 52 cents/bbl from the previous close. Earlier, the
The weaker US dollar made dollar denominated commodities such as crude more attractive to overseas investors.
There are widespread concerns within
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