14 September 2012 03:32 [Source: ICIS news]
Naphtha prices for the second-half October contract rose by $5.50-6.50/tonne from Thursday to $1,000.50-1,003.50/tonne CFR
At 01:58 GMT Brent crude futures rose 41 cents at $116.29/bbl.
Under the stimulus package, the Fed will buy $40bn/month (€31bn/month) worth of mortgage-back securities.
In addition, the Fed plans to maintain low interest rates for even longer, to mid 2015. The federal funds interest rate has been at 0-0.25% since December 2008.
($1 = €0.77)
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