31.08.2012 - Brent steady above $112 ahead of Bernanke speech, set for 2nd monthly gain
Brent crude futures were steady above $112 per barrel on Friday, on track to post a second straight monthly gain as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke for hints of more monetary easing that could stoke oil demand. Investors will look for any hint of a third round of quantitative easing from Bernanke's speech in Jackson Hole, Wyoming, due later Friday, with more stimulus expected to weigh on the U.S. dollar and boost dollar-denominated oil...............................................Full Article: Source
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