Oil rises, anticipating Fed rate cut
Story date: 2007-12-11 04:47:00
Added on: 2007-12-11 07:37:43
CNN Money - LONDON (AP) -- Oil prices rose Tuesday in anticipation that the U.S. Federal Reserve will cut interest rates later in the day, a move that would likely help the U.S. economy - the No. 1 oil consumer - and bolster demand for crude. News of several ...
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