MW: Oil futures move higher; dollar in narrow range
By V. Phani Kumar and Kim Hjelmgaard, MarketWatch
LONDON (MarketWatch) — Crude-oil futures shook off earlier declines in electronic trading Monday as the dollar traded flat and Asian stocks ended lower. U.S. stock futures pointed to a higher open for Wall Street.
The January contract for light, sweet crude-oil futures CL2F +0.62% was up 49 cents, or 0.5%, to $94.02 a barrel on Globex.
Dow Jones Industrial Average futures DJ2H +0.46% added 61 points, or 0.5%, to 11,839 during European intraday trading on Monday.
Stock markets in the Asia-Pacific region tumbled on Monday. Asia Markets extend losses
The ICE dollar index DXY +0.00% , which measures the greenback’s moves against a basket of six major global currencies, was trading in a narrow range at 80.22 from 80.216 in North American trade late Friday.
January futures for natural gas NG12F -1.70% dropped 1.7% to $3.07 per million British thermal units.
