BLBG: Crude Oil Rises in New York, Reversing Earlier Losses; U.S. Equities Gain
Oil increased for a fifth day as equities gained, extending the biggest rally since August for the Standard & Poor’s 500 Index, amid optimism about third-quarter earnings.
Crude for November delivery gained 38 cents, or 0.4 percent, to $85.79 a barrel at 12 p.m. on the New York Mercantile Exchange. Earlier, it touched $83.97. Prices are down 6.1 percent this year.
To contact the reporter on this story: Margot Habiby in Dallas at mhabiby@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
