Bernanke suggested the Fed and in no hurry to tighten policy, NYMEX crude oil futures closed up 0.5% from 27, at $ 112.76 a barrel, gasoline futures for 33 months creating the highest level.
Integrated media reported April 27, the New York Mercantile Exchange (NYMEX) crude oil futures closed up 27 because the Federal Reserve Board (Fed FED) suggests that it will not change monetary policy, said that rising inflation will be temporary, and the U.S. economy is still in the process of a moderate recovery.
NYMEX 6 month crude futures rose 55 cents to $ 112.76 a barrel, or 0.5%. ICE Brent crude futures settled up 99 cents to $ 125.13 a barrel.
The Fed said it would maintain low interest rates, and will end in June plans to buy 600 billion U.S. dollars debt. Federal Reserve Chairman Ben Bernanke and the Fed statement after the speech are suggesting the Fed is not eager to reduce the support of the U.S. economy, and slightly lowered its assessment of recent economic performance. U.S. dollar against the euro and most other major currencies.
U.S. Energy Information Administration (Energy Information Administration) data showed, as of April 22 the week down 250 million barrels of gasoline inventories, inventory and demand ratio in September 2009 the lowest level since. Analysts had expected 110 million barrels decline in gasoline inventories last week.
May RBOB gasoline contract rose 6.22 cents to $ 3.4194 a gallon, the highest level in 33 months. May heating oil futures settled up 2.23 cents to $ 3.2334 a gallon. (Magic Mei)