Comment on Oil extends gains above $106 a barrel

Oil extends gains above $106 a barrel

"Everything is in a bit of a wait-and-see approach," said Stan Shamu, market strategist at IG in Melbourne, Australia, as traders waited to see whether the U.S. Federal Reserve would begin winding down its massive stimulus program. The Fed launched a major bond-buying program more than four years ago to help the U.S.

 

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