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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

Oil dragged down by ECB comments; eyes EU summit

Posted on 09 December 2011

Crude oil futures fell for a second straight day on Thursday as disappointing comments from the head of the European Central Bank increased doubts among investors that the region’s debt crisis will be contained.
The ECB cut interest rates as expected, but following the move, ECB President Mario Draghi said the bank did not consider cutting rates further and he remained cautious about further bond purchases, dashing hopes for more ECB help to quell the two-year-old debt crisis………………………………………..Full Article: Source


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