Crude futures jump on hints of new easing

摘要

New York—NYMEX October crude futures settled $1.85 higher at $96.47/b August 31, reacting to US Federal Reserve Chairman Ben Bernanke’s highly anticipated address at the Jackson Hole symposium, where he hinted to another around of quantitative easing. NYMEX September RBOB settled 2.3 cents higher at $3.1056/gal, while September heating oil settled up 4.51 cents at $3.1696/gal, on both contracts’ day of expiration.