NEW YORK (Dow Jones)--Crude-oil futures followed equities higher Monday, as a strong showing by U.S. equities at least temporarily displaced concerns about rising oil and fuel inventories.
Light, sweet crude for November delivery settled 82 cents, or 1.2%, higher at $66.84 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 43 cents, or 0.7%, higher at $65.54 a barrel. Oil picked up when U.S. equities opened stronger, reviving a relationship that has looked shaky over the last couple of weeks. Investors were inspired by several high-profile acquisition ...
Full Story: OIL FUTURES: Nymex Crude Rebounds As Equities Rise - Wall Street Journal
Light, sweet crude for November delivery settled 82 cents, or 1.2%, higher at $66.84 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 43 cents, or 0.7%, higher at $65.54 a barrel. Oil picked up when U.S. equities opened stronger, reviving a relationship that has looked shaky over the last couple of weeks. Investors were inspired by several high-profile acquisition ...
Full Story: OIL FUTURES: Nymex Crude Rebounds As Equities Rise - Wall Street Journal
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