 Posted: Thu 9:26, 05 Dec 2013 Post subject: "In the next few meetings |
|
| Traders push oil prices down, react to possible Fed policy change
NEW YORK, May 23 () -- Crude oil prices dropped close to $93 a barrel Thursday in New York following Federal Reserve Chairman Ben Bernanke's comment about tightening monetary policy.Bernanke said Wednesday that the Fed's Open Market Committee could throttle back on an $85 billion per month asset purchasing program sooner than previously expected.He didn't specify when that would occur. MarketWatch quoted Bernanke as saying, "In the next few meetings, we could take a step down in our pace of purchase."On the New York Mercantile Exchange, West Texas Intermediate crude oil gave up 96 cents to $93.17 per barrel.Gasoline prices dropped 1.34 cents to $2.7981 a gallon. Home heating oil dropped 1.98 cents to $2.8485 a gallon. Natural gas shed 1.7 cents to reach $4.177 per million British thermal units.At the pump, the average price of a gallon of regular unleaded gasoline was $3.659 Thursday,[url=http://www.christianelouboutinoutlet.com]Cheap Christian Louboutin Shoes[/url], down from Wednesday's $3.66,[url=http://www.christianslouboutinsales.com]Christian Louboutin Black[/url], the AAA Fuel Gauge Report said. |
|
