Oil Rises After Recent Losses

- October 25th, 2012

The Wall Street Journal reported that oil rose after falling for five sessions in a row, partially as a result of better-than-expected economic data out of the United Kingdom and affirmation that the Federal Reserve plans to continue its loose monetary policy.

The Wall Street Journal reported that oil rose after falling for five sessions in a row, partially as a result of better-than-expected economic data out of the United Kingdom and affirmation that the Federal Reserve plans to continue its loose monetary policy.

As quoted in the market news:

Front-month oil futures on the New York Mercantile Exchange for December delivery were trading at $86.32 per barrel, up 59 cents or 0.7%. Brent futures were up 84 cents to $108.69 per barrel.

Click here to read the full report from The Wall Street Journal.

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