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Clearly the world's Central Banks are having no difficulty with their reflation efforts in aggregate...but just as always they can't control where the money goes from their liquidity pump. Crude oil, grains, copper, Treasuries...yep, that's some deflation we're in alright...
NYMEX-Crude ends week up 6.65 pct, best since Feb
Fri Oct 1, 2010 8:41pm GMT
NEW YORK, Oct 1 (Reuters) - U.S. crude oil futures ended
higher for the third straight day on Friday, winding up the
week with the best performance in nearly 7-1/2 months...
...On the New York Mercantile Exchange, crude for November
delivery CLX0 settled up $1.61, or 2.01 percent, at $81.58 a
barrel. It traded from $79.70 to $81.66, the highest since Aug.
9 intraday high of $81.76. In post-settlement trading, it
further rose to $81.69.
For the week, NYMEX front-month crude futures gained$5.09, or 6.65 percent, the best weekly performance sinceprices rose $5.68, or 7.66 percent, in the week to Feb. 19...
NYMEX-Crude ends week up 6.65 pct, best since Feb
Fri Oct 1, 2010 8:41pm GMT
NEW YORK, Oct 1 (Reuters) - U.S. crude oil futures ended
higher for the third straight day on Friday, winding up the
week with the best performance in nearly 7-1/2 months...
...On the New York Mercantile Exchange, crude for November
delivery CLX0 settled up $1.61, or 2.01 percent, at $81.58 a
barrel. It traded from $79.70 to $81.66, the highest since Aug.
9 intraday high of $81.76. In post-settlement trading, it
further rose to $81.69.
For the week, NYMEX front-month crude futures gained$5.09, or 6.65 percent, the best weekly performance sinceprices rose $5.68, or 7.66 percent, in the week to Feb. 19...
Quantitative easing could boost oil price - BoA-ML
Fri Oct 1, 2010 11:55am GMT
LONDON, Oct 1 (Reuters) - Further quantitative easing by the U.S. Federal Reserve could push oil prices to an average of $83 next year even if demand remains weak, analysts at Bank of America Merrill Lynch said on Friday.
The bank calculated in a Global Commodity Research note that oil prices would increase by 6 percent if the Fed were to expand the money supply by an additional $500 billion-$750 billion as early as the first quarter of 2011 in a second round of quantitative easing (QE)...
...If the rest of the world were to conduct monetary easing to the same degree, oil prices could rise by 26 percent, the bank calculated...
Fri Oct 1, 2010 11:55am GMT
LONDON, Oct 1 (Reuters) - Further quantitative easing by the U.S. Federal Reserve could push oil prices to an average of $83 next year even if demand remains weak, analysts at Bank of America Merrill Lynch said on Friday.
The bank calculated in a Global Commodity Research note that oil prices would increase by 6 percent if the Fed were to expand the money supply by an additional $500 billion-$750 billion as early as the first quarter of 2011 in a second round of quantitative easing (QE)...
...If the rest of the world were to conduct monetary easing to the same degree, oil prices could rise by 26 percent, the bank calculated...
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