Minden Press-Herald

Wednesday
Apr 16th

Oil above $82 as Fed pledges low rates to ‘13

Oil prices rose above $82 a barrel Wednesday in Europe after the U.S. central bank said it will keep lending rates at record low levels for the next two years.

Benchmark oil for September delivery was up $2.98 to $82.28 a barrel at mid-day Paris time in electronic trading on the New York Mercantile Exchange. Crude fell $2.01 to settle at $79.30 on Tuesday.

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