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Oil prices mixed in Asian trade after surprise Fed rate cut - UPDATE

Interest rate cuts can encourage demand for oil and other commodities in the US, which is the world's biggest economy and largest energy consumer, analysts said.

With crude oil holding steady at around 89 dollars, Shum believes that the move to cut interest rates has "stabilized the US stock market even though it closed lower on Tuesday".

Shum added that crude oil prices are expected to move upwards Wednesday.

The market is also awaiting a February 1 meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna.

"The market does not expect OPEC to increase production output but there is speculation that there might be a decision to cut down supplies," Shum said.


Hip-Hop Rumors: Jay-Z As Frank Lucas? Rockers Got Jokes...

There is another angle to this picture. WHEW. You can imagine...it ain't for this page.




Russell went as Run or is that DMC? That's his new girl too. I saw her on Run's house talking about her cherry tattoo.




Camel to the tizz-oe. M Dot Ford and M Dot Good.




Brit...looking happy. Hope is not dope.




I had to re-run this pic.




These Friday rumors are NOT thin! I AM OUTTA HERE!


TOMORROW, WE LOVE YOU!


They keep us talking, but if we stop talking about them then they should worry!

-illseed

WHO: illseed
WHAT: Rumors
WHERE: AllHipHop.com, MySpace.com/TheIllseed
HOW: Send your rumors and ill pics to illseed at ahhrumors@gmail.com.


Sports Columnists

Waddell's low-profile offseason moves did nothing to fuel interest. The slow start, the unofficial player revolt, the firing. The Thrashers got hot, then turned almost bipolar.

It all must wear on Kovalchuk. His early career reputation as being selfish has always been overstated, his desire to win understated.

"He cares a lot more about the team and winning and everything else than people give him credit for," said former Thrashers captain Scott Mellanby, who is in town for the weekend. "He's passionate. Last year in the playoffs, I thought he was our best forward. He got a taste of what it's like to be there, and he doesn't want to go through his whole career and not have team success. He knows people can be critical of athletes who don't win, especially as superstars."

The Thrashers have two players in tonight's game.



 

 

 

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