Oil is trading higher for a second day after the Federal Reserve announced it plans to keep U.S.interest rates near a record low through 2014 and as a report showed durable goods orders in the world’s biggest crude-consuming country increased.
Futures advanced above $100 a barrel after Fed Chairman Ben S. Bernanke said yesterday that policy makers are considering more bond purchases to boost growth after extending a pledge to keep interest rates low through at least late 2014. Bookings (DGNOCHNG) for goods meant to last at least three years climbed 3 percent in December, data from the Commerce Department showed today…..http://www.bloomberg.com/news/2012-01-26/crude-oil-advances-as-fed-commits-to-low-rates-durable-goods-orders-gain.html
