Hopes tha USA and China will take stimulus measures props up oil price rises

18-Jul-12
Oil rose to near US$89 a barrel in Asia amid hopes China and the U.S. will take new steps to bolster their economies. Benchmark crude rose to US$88.61 a barrel at midday Bangkok time in electronic trading on the Nymex. The rise was driven by expectations that US and China will do more to prop up slowing economic growth. The two countries are the world's biggest and second-biggest crude consumers. As consumers spend more and the economy strengthens, demand for oil is likely to rise.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha