Crude Oil Futures Advance After China Data

By International Business Times,  August 09, 2012, 03:39:15 AM EDT

Crude oil futures advanced during the Asian trading hours Thursday after data showed that Chinese inflation continued to cool down for the fourth straight month in July, raising hopes of monetary easing measures to support growth.

Light sweet crude for the September delivery gained 0.24 percent or 22 cents to $93.57 a barrel in electronic trading on the New York Mercantile Exchange during the Asian trading hours while Brent crude oil futures for the September delivery rose 0.04 percent or 4 cents to $112.18 a barrel on the ICE futures exchange in London.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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