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Oil jumps to 2016 highs as dollar drops on Fed decision
April 27, 2016 by admin · Leave a Comment
By Barani Krishnan NEW YORK (Reuters) – Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. Oil had risen early, the day after an industry group said U.S. crude inventories had dropped in the latest week. In early afternoon, the Fed announced it was leaving interest rates unchanged, and issued a statement implying it
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Oil jumps to 2016 highs as dollar drops on Fed decision