Update 6-brent Rises On Heating Oil, Gasoline Strength

RBOB futures saw some strength from traders unwinding the spread trade between heating fuel and gasoline, one trader said. Markets showed little reaction to U.S. Federal Reserve Chair Janet Yellen’s remarks that she will not make any abrupt changes in the U.S. central bank’s monetary policy, and that the Fed will continue to reduce its stimulus. “Yellen’s comments were not any surprise to the market,” said Andy Lipow, president of Lipow Oil Associates in Houston.
For the original version of the article including any supplementary images or video, visit http://www.reuters.com/article/2014/02/11/markets-oil-idUSL5N0LG1E620140211

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