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However, investors should also keep in mind that despite the rise in demand, prices for crude oil in the forth quarter have remained in line with the previous nine months, possibly a result of inventory stockpiles.
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The truth is that when crude prices drop and our fuel margins dwindle, our chemicals margins rise--not in direct proportion, mind you, but sufficiently to cushion the blow.
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But the big question is whether the Bank's governor, Eddie George, who has recently opposed a rate rise, found himself on the losing side in the vote, or whether he changed his mind, or saw the way the meeting was going and switched sides.
ECONOMIST: Surprise rise
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Always keep in mind that even when the Conference Board reading of Consumer Confidence is on the rise, the overall figure may indicate a poor retail environment.
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