Brent inches towards $59 on Fed’s flexibility and Greek reform plans

Brent crude rose marginally towards $59 a barrel on Wednesday, helped by the Fed’s flexible stance towards interest rates and the eurozone’s approval of Greece’s reform plan.



US crude meanwhile settled lower for the fifth consecutive session on Tuesday on the back of a more than expected crude stockbuild.



Brent added 10 cents to $58.76 a barrel by 0137 GMT, while the US crude futures rose 2 cents to $49.31 a barrel.



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Posted in: Indian Market Tips