Daily Archive: Friday, February 22, 2008

Reuters: Oil Falls Below $98 on Swelling US Crude Supplies

Supplies probably aren’t ‘excessive’ or US companies wouldn’t import so much and futures spreads would be in contango instead of backwardation, and WTI now trading above Brent is another sign inventories are back towards the tight side. Oil Falls Below $98 on Swelling US Crude Supplies Oil held steady around $98 a ...Read More

Bloomberg: Fed Sees Rate Low `for a Time’ Then Possible Reversal

Fed Sees Rate Low `for a Time’ Then Possible Reversal (Update1) by Scott Lanman (Bloomberg) Federal Reserve officials signaled they are prepared to quickly reverse last month’s interest-rate cuts after concluding that borrowing costs need to be kept low for now. Policy makers cut their 2008 growth forecasts and said that rates ...Read More