MW: Crude moves higher in tracking U.S. stock futures
By Kate Gibson
NEW YORK (MarketWatch) -- Oil futures rose along with U.S. stock futures on Friday as investor tolerance for risk increased, and the dollar weakened. Gains were curbed, however, by reports the pipeline owned by Enbridge Energy Partners (ENB 50.50, -0.25, -0.49%) would resume operations later in the day. Crude-oil futures for October delivery was up 28 cents to $76.02 a barrel in electronic trading on the New York Mercantile Exchange. The contract ended at $74.57 on Thursday, down $1.45.
