Oil hits new 15-month high on QE outlook, drop in reserves
July 11, 2013 7:37 am
WTI crude extended yesterdays major gains, hitting a fresh 15-month high during early European trading. Futures rose 2.9% yesterday as the Energy Information Administration reported a second straight unexpectedly high drop in crude oil inventories. Oil was also supported by a slump in the dollar after Ben Bernanke, Fed Chairman, announced the central bank will […] Read more