Crude Oil Futures Pare Losses

- August 26th, 2011

Bloomberg reports crude oil pared losses after Federal Reserve Chairman Ben S. Bernanke assured that growth will resume.

Bloomberg reports crude oil pared losses after Federal Reserve Chairman Ben S. Bernanke assured that growth will resume.

The market news is quoted as saying:

 

Futures rebounded from a fall of more than $2 a barrel and stocks climbed after Bernanke said U.S. growth is safe in the long run and the Fed still can aid the recovery.

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