UPDATE 8-Brent jumps $2 as market eyes storms, economy

Brent crude rose to the highest level in nearly a month on Tuesday, boosted by concerns about gasoline supplies and the threat of another tropical storm.

Further support for prices came after Chicago Federal Reserve Bank President Charles Evans said he favored strong central bank accommodation for a substantial period of time, as the U.S. economy looks to be moving “sideways.”

Read the whole story: Courtesy Reuters

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