January crude futures are up 0.4% or 49 cents at $100.28 a barrel in electronic trading. February gold futures are just positive, near $1,720.50 an ounce.
Oil moved higher with U.S. equity futures improvement, after reports said China eased its bank reserve requirement. The move could help support demand for resources.
US Oil Fund ( USO ) is off 0.4% after a 1.9% gain Tuesday. SPDR Gold Trust is up 0.3% in recent trading.
The dollar index, which tracks the performance of the greenback against a basket of other major currencies, gained 0.2% to 79.257.
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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 Nasdaq, Inc.
