Ethanol Advances First Time in More Than Week on Fed Stimulus
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Ethanol advanced for the first time in more than a week after the Federal Reserve announced measures to help stimulate the world’s largest economy.
Prices rose with other commodities after the Fed said yesterday it would make additional purchases of debt in a third round of so-called quantitative easing. Separately, unrest in the Middle East and North Africa sparked concern that oil shipments will be disrupted.