Economy News Headlines - Yahoo! News: Brent holds above $114 on optimism on US economy

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

Brent holds above $114 on optimism on US economy Jan 30th 2013, 05:26 SINGAPORE (Reuters) - Brent prices held above $114 a barrel on Wednesday on optimism about the U.S. economy after a string of data out of the world's largest oil consumer showed a recovery was gaining ground. Still, investors are cautious about making big bets ahead of a two-day Federal Reserve policy meeting and first estimates for fourth-quarter U.S. gross domestic product due later in the day. Brent crude edged up 2 cents to $114.38 a barrel by 0235 GMT, after reaching a more than three-month high in the previous session. U.S. crude was down 2 cents to $97.55, after gaining nearly 1. ... Media files: 2013-01-30T052648Z_1_AJOE90T0F4R00_RTROPTP_2_OZABS-MARKETS-OIL-20130130.JPG (image/jpeg)

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