Crude Gains as Market Hopes for Fed Action

Source:

"Stock and commodity markets hope that the Federal Reserve will signal a new round of stimulus measures Friday."

Dow Jones, Jerry DiColo

Crude futures moved higher Thursday, as stock and commodity markets hope that the Federal Reserve will signal a new round of stimulus measures Friday.

Light, sweet crude for October delivery recently traded $1.19, or 1.4%, higher at $86.35 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded $1.39 higher at $111.39 a barrel.

Oil futures rose along with stock futures, which pointed to a higher opening in the U.S. . .View full article

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