Oil prices rose today as investors await a policy decision by the US Federal Reserve Bank, which may bring about further stimulus measures to sustain the world’s largest oil consumer.
Brent crude gained 14 cents to remain steady at $116.10 a barrel after successive gains for five straight sessions.
Go deeper with GlobalData
US crude climbed three cents to $97.04 a barrel because of an unexpected rise in crude stocks.
Gains were however capped by the geopolitical risks in OPEC member Libya, following the killing of the US ambassador to Libya Christopher Stevens and three embassy staff.
Germany’s Constitutional Court approved the eurozone’s new bailout fund and budget pact, which could further strengthen the continent, reports Reuters.
Image: Federal Constitutional Court of Germany. Photo courtesy of: Tobias Helfrich.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
