Crude Oil Declines in Reaction to Plosser Comments

By in Gold and Oil News | September 26, 2012 23:52 | Tags:

Crude oil futures fell on Tuesday in reaction to comments of US Federal Reserve’s official Plosser that the Central Bank will probably launch the third round of Quantitative easing. Plosser also indicated that US Federal Reserve may increase short term interest rates much sooner than expectations.

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