WSJ:OIL FUTURES: Nymex Crude Up After China Cuts Bank Reserve Ratio
LONDON (Dow Jones)--Nymex crude prices on the December contracts broke $100 a barrel in Wednesday trading after China's central bank said it would cut banks' reserve requirement ratio by 0.5 of a percentage point to help boost liquidity and support the economy amid market turmoil in developed countries.
At 1122 GMT, ICE January Brent was down 40 cents, or 0.4%, at $110.42 a barrel. Nymex January crude was up 31 cents, or 0.3%, at $100.09.
-By Jenny Gross, Dow Jones Newswires; 4420-7842-9239; jenny.gross@dowjones.com
