Brent crude edged higher Wednesday, boosted by Bernanke's speech

Brent crude futures edged higher in European trading on Wednesday (November 20) and rose back above the $107-a-barrel mark, largely because of an overnight speech by Ben Bernanke, chairman of the Federal Reserve, suggesting that ultra-loose monetary policy will continue to hold, boosting commodity pricesvaJ
Brent crude futures were up 13 cents at $107.20 a barrel as of 15:58 BSTBrent crude futures posted their biggest one-day drop in nearly two weeks on Tuesday as Libya's current crude exports recoveredvaJ
U.Scrude oil futures rose for a second straight session on expectations of higher U.Scrude demand and ABernanke's overnight speech indicating that stimulus policies will continuevaJ
As the U.Srefinery equipment repair period draws to a close, investors expect stronger demand for U.Scrude oil, and Tuesday's plunge in Brent crude oil narrowed the gap between Brent and U.Scrude to about $13 vaJ
　　Tan Chee Tat, an analyst at Phillip Futures, said the end of the maintenance period for U.S refining equipment had led directly to higher crude oil production while reducing inventories vaJ
　　Tan Chee Tat said it expected the spread between Brent and U.S crude to fall below $10 by the end of November Bernanke's overnight speech The sign that the Fed will not cut quantitative easing (QE) in the short term also provides some support for crude oil prices vaJ
　　Investors will also be watching iran and the West today to resume talks on the nuclear issue Once the two sides can reach a preliminary agreement on the nuclear program, the West could ease sanctions on Iran's crude oil exports, which in turn could lead to an increase in the flow of crude oil into the global market vaJ
　　U.S crude inventories rose 512,000 barrels last week, below market expectations of 900,000 barrels, according to data released yesterday by the American Petroleum Institute vaJ
　　Tan Chee Tat also noted that while Libyan crude oil exports have recovered, investors remain concerned that the unrest in the country will still affect crude oil exports because the current Libyan government does not have enough capacity to deal with the labor unrest VaJ Brent crude futures edged higher in European trading on Wednesday (November 20) and rose back above the $107-a-barrel mark, largely because of an overnight speech by Federal Reserve Chairman Ben Bernanke suggesting that ultra-loose monetary policy will continue to move on, boosting commodity prices vaJ
　　Brent crude futures were up 13 cents at $107.20 a barrel as of 15:58 BST Brent crude futures posted their biggest one-day drop in nearly two weeks on Tuesday as Libya's current crude exports recovered vaJ
　　U.S crude oil futures rose for a second straight session on expectations of higher U.S crude demand and A Bernanke's overnight speech indicating that stimulus policies will continue vaJ
　　As the U.S refinery equipment repair period draws to a close, investors expect stronger demand for U.S crude oil, and Tuesday's plunge in Brent crude oil narrowed the gap between Brent and U.S crude to about $13 vaJ
　　Tan Chee Tat, an analyst at Phillip Futures, said the end of the maintenance period for U.S refining equipment had led directly to higher crude oil production while reducing inventories vaJ
　　Tan Chee Tat said it expected the spread between Brent and U.S crude to fall below $10 by the end of November Bernanke's overnight speech The sign that the Fed will not cut quantitative easing (QE) in the short term also provides some support for crude oil prices vaJ
　　Investors will also be watching iran and the West today to resume talks on the nuclear issue Once the two sides can reach a preliminary agreement on the nuclear program, the West could ease sanctions on Iran's crude oil exports, which in turn could lead to an increase in the flow of crude oil into the global market vaJ
　　U.S crude inventories rose 512,000 barrels last week, below market expectations of 900,000 barrels, according to data released yesterday by the American Petroleum Institute vaJ
　　Tan Chee Tat also noted that while Libyan crude oil exports have recovered, investors remain concerned that the unrest in the country will still affect crude oil exports because the current Libyan government does not have enough capacity to deal with the labor unrest vaJ
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