LONDON (MarketWatch) -- Oil futures rallied above $82 a barrel Tuesday in electronic trading on Globex, buoyed by growing investor appetite for assets perceived as risky such as stocks and commodities. Crude oil for November delivery CL1X +2.63% rose $1.98, or 2.4%, to $82.22 a barrel on Globex. "The main reasons [for the gains] are a change of sentiment on financial markets, reflected in rising equity markets and a somewhat weaker U.S. dollar," said strategists at Commerzbank in a note. "The downside risks for the economy and oil demand have not disappeared overnight, so a renewed price fall cannot be ruled out."
