Oil futures settle down after Bernanke
MarketWatch
Crude futures declined Thursday after a wobbly session of slight gains and losses as Federal Reserve Chairman Ben Bernanke testified before Congress, stealing the spotlight away from a surprise interest-rate cut in China that had fueled a rally earlier in the session. “It looks like Bernanke’s speech has taken the gusto out of the earlier rally caused by the China interest-rate cut,” said Matt Smith, an analyst with Summit Energy, in emailed comments.
