| Crude oil futures rebound from more than seven-month low | |
| Sep 04,2014 08:41 Hrs IST | |
Crude oil futures made a smart bounce back from a more than seven-month low and ended sharply higher on Wednesday, as the situation in Ukraine remained unclear after Ukraine President Petro Poroshenko initially said Russian President Vladimir Putin agreed on a permanent ceasefire, but later retracted the statement. Meanwhile, there was some report from Middle East that Islamic militants may have stolen about a dozen commercial planes from Tripoli International Airport last month to use them in terror attacks.
Benchmark crude oil futures for October delivery, surged by $2.66 or 2.9 percent to close at $95.54 a barrel after trading in a range of $95.83 and $93.06 a barrel on the New York Mercantile Exchange. In London, Brent oil futures for October delivery gained 2.44 percent to $102.79 a barrel on the ICE.
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Thursday 4 September 2014
Crude oil futures rebound from more than seven-month low
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