20 July 2009, 18:02  Crude futures rose 0.9%

Crude futures rose Monday, lifted by firmer equities and a weaker dollar, amid fresh hopes about the outlook for the economy. Light, sweet crude for August delivery traded recently at $64.11 a barrel, up 55 cents, or 0.9% on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 71 cents, or 1.1%, higher at $66.09 a barrel. Oil prices advanced in tandem with equities, which rose after CIT Group Inc.(CIT) was expected to announce emergency financing from bondholders, which would help the struggling business lender avert bankruptcy. S&P 500 futures rose 6.2 points to 943.10, while futures on the Dow Jones Industrial Average rose 58 points.

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