Ameratex Energy Oil rises on hopes of Fed action!

20 Jun

The price of oil rose Tuesday on hopes that the Federal Reserve would announce new measures to stimulate the U.S. economy.

U.S. West Texas Intermediate crude climbed 76 cents to end the day at $84.03 per barrel.

The Fed’s two-day meeting ends today, and in the past it has taken action to encourage Americans to spend and borrow. Many analysts say the struggles of the U.S. economy and Europe’s debt crisis will compel the Fed to say or unveil something to try to boost confidence.

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