Crude futures post modest recovery despite Fed talk

摘要

New York-Crude oil futures staged a modest rally ahead of a speech by US Federal Reserve Chairwoman Janet Yellen Friday, and were undeterred after she announced a March rise in interest rates, settling higher after touching three-week lows earlier in the week. NYMEX April light sweet crude settled 72 cents higher at $53.33/b, while ICE May Brent was up 82 cents to settle at $55.90/b.