Oil prices rose at the close of trading on Wednesday

sepatu pantofel wanita model baru Oil prices rose at the close of trading on Wednesday (Thursday morning GMT ) responded to the decision of the Central Bank of the United States ( the Fed ) that cut the monthly bond purchase program .

As quoted by Xinhua on sepatu pantofel anak pria Thursday ( 19/12/2013 ) , the price of West Texas Intermediate crude for delivery in January 2014 rose U.S. $ 58 cents to U.S. $ 97.8 per barrel on the New York Mercantile Exchange . Likewise Brent crude oil for January delivery rose U.S. $ 1.19 to U.S. $ 109.63 per barrel .

The Fed sepatu kerja pria kulit asli has announced plans to reduce its monthly bond purchases of U.S. $ 75 billion from U.S. $ 85 billion .

The U.S. central bank saw U.S. economic activity growing at a moderate pace , and labor market conditions continue to improve , and the unemployment rate has declined . Better economic prospects provide support for oil prices .

On the economic front , the data private ownership of U.S. homes rose 22.7 % in November to 1.091 million , the highest since February 2008 . Meanwhile , housing permits fell 3.1 % last month .

Separately , U.S. mortgage applications fell 5.5 % in the week ended December 13 from the previous week , according to the Mortgage Bankers Association .

Energy Information Administration ( EIA ) , U.S. Department of Energy ‘s statistics agency , has released a report on U.S. crude oil inventories the week ended December 13 .

U.S. crude stockpiles fell 2.94 million barrels to 372.3 million barrels last week . This figure is lower than the projected decline of 3.5 million barrels . U.S. refineries operated at 91.5 % of total capacity , down 1.1 % from the previous week . ( NDW )

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