Thursday, 25 October 2012

Crude oil futures rebound from 3-month low; U.S. data eyed


MTECHTIPS

Crude oil futures rebound from 3-month low; U.S. data eyed

Crude oil futures rebounded from the lowest level since July during European morning hours on Thursday, as appetite for growth-linked assets strengthened after the Federal Reserve said that some aspects of the U.S. economy were improving.
On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.33 a barrel during European morning trade, climbing 0.7%.

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