Bangkok (AP) -- the international crude oil prices rose on Wednesday, because investors expect the U.S. economy to cheer up the new measures will the policy of the federal reserve announced at the end of the meeting.
January delivery benchmark crude oil futures prices for eight cents to $85.87 a barrel in Bangkok at noon time on the New York mercantile exchange. The contract up 23 cents at $85.79 a barrel in New York on Tuesday. This is the first time for five trading days after the fall, crude oil futures closed up.
There is a consensus forecasts, the federal reserve announced Wednesday that will buy bonds. The fed has sold $4.5 billion a month short-term national debt, and proceeds to buy the same amount of long-term securities. The aim is to reduce the long-term borrowing rate, encourage consumption.
"If this happens, it will mean the dollar will weaken, the popular support to buy oil futures, deep, in Singapore Purvin&Gertz consultancy company energy analysts said:" victor. This is because the weak dollar makes oil and other commodities to hold other currency investors cheaper.
An investigation shows that, the German investors believe that Europe's largest economy may avoid a recession, but growth is expected to maintain tepid oil is improved.
Brent crude oil, the international oil prices remain unchanged, varieties of $108.01 a barrel in London.
In the New York mercantile exchange other energy futures trading:
- heating oil futures rose 0.4 cents to $2.931 a gallon.
- wholesale gasoline rose 1.3 cents to $2.623 a gallon.
- gas up 0.4 cents at $3.408 per 1000 cubic feet.




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