HomeNewsBusinessMarketsObama speech, Fed meet paves course for Brent: Fat Prophet

Obama speech, Fed meet paves course for Brent: Fat Prophet

Going forward, David Lennox of Fat Prophet says that the price of oil depends on the confidence behind Obama’s speech and the expectations from the Fed meeting in late September.

September 08, 2011 / 11:46 IST
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Brent crude, that fell to levels below USD 110 earlier this week, has seen a bit of a bounce back, currently above USD 115 per barrel. According to David Lennox of Fat Prophets, this is because there is a slight increase in confidence of the growth of certain economies.

first published: Sep 8, 2011 08:35 am

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