Crude oil extended gains above 87 as the market remained excited about the strong employment and manufacturing data released last week and believed these evidenced economic recovery was on track. The dovish FOMC minutes reiterated the Fed’s stance to keep interest rates low for an extended period lifted stocks, especially the financial sector.
Go here to see the original:
Crude Remains Firm Depsite EIA’s Downward Revision on Demand
Leave a Reply
You must be logged in to post a comment.