iBankCoin
Joined Nov 11, 2007
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Black Gold Gains on Stimulus Expectations in Japan

“Crude rose for the first time in three days, buoyed by speculation that Japan may pursue more aggressive monetary easing, potentially buoying fuel demand.

Futures gained as much as 0.7 percent as the Standard & Poor’s GSCI Index of commodities advanced for the first time in three days. Japan’s Prime Minister Yoshihiko Noda said he is willing to dissolve parliament on Nov. 16, pushing the yen lower as investors speculated that the central bank would add stimulus to revive the economy. U.S. inventories probably climbed last week to the highest in more than three months, according to a Bloomberg survey before a government report tomorrow. U.S. equity futures rose.”

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