Oil Rises on Optimism About Economy, Brent Premium Nears $20

摘要

Oil prices rose Tuesday in choppy trading as optimism about economic growth was fueled by improved German economic sentiment, rising US retail sales and a reiteration of the US central bank's intention to keep interest rates low. After a one-day meeting, the US Federal Reserve acknowledged signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing. "The Fed decision is supportive for the oil market," said John Kilduff, partner at Again Capital.