WTI Crude Advances on Economic Stimulus Optimism

Bloomberg reported that West Texas Intermediate crude has reached its highest level in over 2 weeks as SPX approached a record on optimism that the economic stimulus will remain in order to bolster growth.

As quoted in the market news:

Futures climbed 1.6 percent as the majority of economists surveyed by Bloomberg predicted European Central Bank policy makers will cut interest rates this week, while the Federal Reserve Open Market Committee will consider renewing its commitment to bond-buying at a two-day meeting starting tomorrow.

Click here to read the full Bloomberg report.