Oil Rises for Fifth Day on Speculation of Fed Stimulus
This article is for subscribers only.
Oil rose for a fifth day on speculation that the Federal Reserve will announce additional measures to stimulate the economy, increasing fuel demand.
Prices capped the longest streak of gains since July as the Fed prepared for a two-day meeting starting tomorrow. Oil also advanced as the dollar weakened against the euro after Moody’s Investors Service said it may lower the U.S. credit rating.