Crude futures climb as equities rebound off lows;API shows crude stock draw

摘要

New York-NYMEX April crude futures settled 1.50 higher at 41.65/barrel March 3 after equity markets recovered from session lows made on comments from Federal Reserve Bank Chairman Ben Bernanke.Bernanke,appearing before the Senate Budget Committee,was less than upbeat,stating employment and manufacturing losses had accelerated in the US since mid-January.