All Entries Tagged With: "crude oil"
Oil and gold prices surge as fears grow amid $700 billion bailout plan
Oil prices saw its biggest one-day gain ever on Monday, US light crude oil for October delivery spiked more than $25 a barrel briefly and hit $130 then fell back slightly and settled at $120.92 which was
Fed allows emergency cash for US investment banks
Many of the large U.S. investment banks who are having trouble as the financial strain kicks in will be pleased to know that the Federal Reserve will allow them access to emergency cash into next year, if this current turmoil persists.
Ben Bernanke had made this decision on Tuesday, which does hint at
Fed direct loans decision and falling oil prices helps the dollar rise
The U.S. dollar has risen slightly against the Euro for the first time in three days, and part of that reason was because of the decision from Fed Chairman Ben S. Bernanke. He said that the decision to extend security dealers’ access to direct loans into 2009 was just a small part of why the [...]