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	<title>Contrarian Stock Market Investing News - Featuring Bargain Stocks &#187; Fed News</title>
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		<title>Oil Drops $2 after Fed Announcement</title>
		<link>http://www.contrarianprofits.com/articles/oil-drops-2-after-fed-announcement/1709</link>
		<comments>http://www.contrarianprofits.com/articles/oil-drops-2-after-fed-announcement/1709#comments</comments>
		<pubDate>Wed, 30 Apr 2008 19:20:23 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Financial News]]></category>
		<category><![CDATA[Fed Cut]]></category>
		<category><![CDATA[Fed News]]></category>
		<category><![CDATA[Fed Rate]]></category>
		<category><![CDATA[Fed Rate Cut]]></category>
		<category><![CDATA[Federal Reserve]]></category>

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		<description><![CDATA[<p>Crude oil prices tumbled today following the announcement by the Federal Reserve on interest rates.</p>
<p>Earlier today the Federal Reserve said it would lower interest rates by a quarter percentage point.</p>
<p>CNN reports: &#8220;US <a href="http://money.cnn.com/2008/04/30/markets/oil_eia/?postversion=2008043014" title="Open a new browser window to learn more." target="_blank">light crude for June delivery fell $2.17 cents </a>to settle at $113.46 a barrel on the New York Mercantile Exchange. Just before the central bank&#8217;s announcement, oil was 93 cents lower at $114.70 a barrel. </p>
<p>The Fed rate cut is expected to the last for a the moment after the Fed suggested it will watch inflation.</p>
<p>&#8220;This seems a good time to mention that <a href="http://www.contrarianprofits.com/articles/at-the-center-of-a-snowball-of-debt/" title="Read the full article.">you should be selling your house and buying gold</a> with all your money,&#8221; says the Mogambo Guru, &#8220;and if the kids have to miss a few&#8230;</p>]]></description>
			<content:encoded><![CDATA[<p>Crude oil prices tumbled today following the announcement by the Federal Reserve on interest rates.</p>
<p>Earlier today the Federal Reserve said it would lower interest rates by a quarter percentage point.</p>
<p>CNN reports: &#8220;US <a href="http://money.cnn.com/2008/04/30/markets/oil_eia/?postversion=2008043014" title="Open a new browser window to learn more." target="_blank">light crude for June delivery fell $2.17 cents </a>to settle at $113.46 a barrel on the New York Mercantile Exchange. Just before the central bank&#8217;s announcement, oil was 93 cents lower at $114.70 a barrel. <span id="more-1709"></span></p>
<p>The Fed rate cut is expected to the last for a the moment after the Fed suggested it will watch inflation.</p>
<p>&#8220;This seems a good time to mention that <a href="http://www.contrarianprofits.com/articles/at-the-center-of-a-snowball-of-debt/" title="Read the full article.">you should be selling your house and buying gold</a> with all your money,&#8221; says the Mogambo Guru, &#8220;and if the kids have to miss a few meals or if they have to sleep in the car because I cannot afford an apartment big enough for all of us but it is perfectly cozy enough for me, that is the price you are willing to pay.&#8221;</p>
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