Oil prices surge on Fed rate cut

By Pete Southern in Gold and Oil News | September 19, 2007 10:00 |

Oil prices surge on Fed rate cut
NEW YORK (AP) — Oil futures rose to new records Tuesday after the cut interest rates by a larger than expected half percentage point, raising market hopes that economic growth will accelerate and lift demand even as crude oil and gasoline inventories
Source: c.moreover.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.



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