NEW YORK (Dow Jones)--Crude futures rose Thursday on new evidence that U.S. economic growth is picking up.
Light, sweet crude for December delivery recently traded $1.01, or 1.3%, higher at $78.47 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 96 cents higher at $76.82 a barrel. Oil prices shot up after the U.S. Commerce Department reported a 3.5% increase in third-quarter gross domestic product, topping the average economist forecast for 3.2% growth. The figure revived investor confidence that the U.S. economy is emerging smoothly from recession and raised ...
Full Story: OIL FUTURES: Nymex Crude Rises On US GDP Growth - Wall Street Journal
Light, sweet crude for December delivery recently traded $1.01, or 1.3%, higher at $78.47 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 96 cents higher at $76.82 a barrel. Oil prices shot up after the U.S. Commerce Department reported a 3.5% increase in third-quarter gross domestic product, topping the average economist forecast for 3.2% growth. The figure revived investor confidence that the U.S. economy is emerging smoothly from recession and raised ...
Full Story: OIL FUTURES: Nymex Crude Rises On US GDP Growth - Wall Street Journal
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