NYMEX crude up ahead of US Fed decision

摘要

New York-December crude futures settled 95 cents higher at $83.90/b November 2 on the New York Mercantile Exchange with a renewed downturn in the US dollar ahead of the next day's Federal Reserve announcement setting the stage for the ongoing rally in the oil sector. The US Dollar Index on ICE hit an intra-ses- sion low of 76.636, down 66 points on the day, and shortly ahead of the close of trading was poised to settle at its second-lowest level of the year. The lowest settle in 2010 in the index was 76.647 on October 14.