Oil bounces back, adds 1.5% ahead of Fed Stories You Might Like
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By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures rebounded Tuesday, poised to snap a three-day losing streak as investors waited for a policy announcement from the U.S. Federal Reserve and Chairman Ben Bernanke's news conference. Crude for December delivery CL1Z +1.50% added $1.36, or 1.5%, to $93.53 a barrel on the New York Mercantile Exchange. U.S. stocks opened higher, and the dollar traded lower, providing some extra support for the commodity.
dow up 140 ssn currently 2.40 vol 42,000
SSN Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
