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Wednesday, November 30, 2011

Oil above $101 on central banks's liquidity plan - Yahoo! News

Oil above $101 on central banks's liquidity plan - Yahoo! News: "Oil prices jumped to above $101 a barrel Wednesday after the major central banks announced a plan to provide quick access to liquidity for the international financial system.
From next Monday, the European Central Bank, the U.S. Federal Reserve, the Bank of England and the central banks of Canada, Japan and Switzerland will make it cheaper and easier for banks to get U.S. dollar liquidity or any other currency.
By early afternoon in Europe, benchmark crude for January delivery was up $1.37 to $101.14 a barrel in electronic trading on the New York Mercantile Exchange. It rose as high as $101.64 after the ECB announcement. On Tuesday, the contract added $1.58 to settle at $99.79."

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