In the New York Stock Exchange the price of crude oil a rather stable compared to few days back, a surge of last minute announcements related to the Fed has made progress. The price of oil has finished the day up to Wednesday’s New York, following comments by the Fed and the release of U.S. oil stocks. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for June delivery finished at 83.22 and U.S. dollars, up 78 cents from Tuesday.
Analysts and investors appear to have waited until the last minute to put their cards on the table, scenario typical of the excitement of the days when a major announcement is expected. It should be noted that in fact to 6:15 p.m. GMT, the U.S. Federal Reserve has issued comments to the end of its monetary policy meeting, keeping its key interest rate near zero for an extended period.
Words likely to perk up somewhat depressed by the market situation in Greece.Meanwhile, investors remained virtually no reaction to the release of oil stocks to the United States published by the Department of Energy.According to weekly figures from the DoE, crude oil reserves rose 1.9 million barrels during the week ended April 23, analysts relying on them for an increase of only 800,000 barrels.
Source: AFP
