By Virginia Harrison, MarketWatch
SYDNEY (MarketWatch) — Crude-oil futures edged higher in electronic trading Thursday as a degree of risk appetite returned to commodity and equity markets.
Benchmark crude for October delivery CL1V -0.34% rose 7 cents, or 0.1%, to $85.19 a barrel on the New York Mercantile Exchange during Asian trading hours.
The mild gains tracked the performance of equity markets across Asia on Thursday, as optimism about the global economy rose. Read more about Asian equity markets.
Investors are looking ahead to Federal Reserve Chairman Ben Bernanke’s scheduled speech Friday in Jackson Hole, Wyo., and whether he will announce another round of quantitative easing — or QE3 — to prop up the U.S. economy.
By Virginia Harrison, MarketWatch
SYDNEY (MarketWatch) — Crude-oil futures edged higher in electronic trading Thursday as a degree of risk appetite returned to commodity and equity markets.
Benchmark crude for October delivery CL1V -0.34% rose 7 cents, or 0.1%, to $85.19 a barrel on the New York Mercantile Exchange during Asian trading hours.
The mild gains tracked the performance of equity markets across Asia on Thursday, as optimism about the global economy rose. Read more about Asian equity markets.
Investors are looking ahead to Federal Reserve Chairman Ben Bernanke’s scheduled speech Friday in Jackson Hole, Wyo., and whether he will announce another round of quantitative easing — or QE3 — to prop up the U.S. economy.
