Yesterday’s trading session showed a rally in the market of crude oil. The prices gained amid the results of yesterday’s FOMC meeting. Ben Bernanke announced that the Fed had decided to extend QE3 in 2013.
The key interest rate will remain low (0%-0.25%). At the same time, the Fed is determined to keep spending $45bn a month on T-bond purchases.
The January futures on Brent Crude Oil appreciated by $1.53 up to $109.54/b.
The January futures on WTI appreciated by $ 0.98 up to $86.77/b.
