CL
Crude rose 1.4 percent, advancing with equities as House Republican leaders proposed a short-term increase in the debt ceiling that would push off the lapse in U.S. borrowing authority through Nov. 22. Brent outgained WTI as the detention and release of Libya’s leader sparked concern that renewed instability may further curb the country’s exports.
GOLD
Gold fell to a one-week low on speculation that the U.S. will avert a default, eroding demand for the precious metal as a haven, The Obama administration endorsed a short debt-limit increase with no policy conditions attached, signaling potential support for a proposal by House Republicans for a month long reprieve from a default. Most Federal Reserve policy makers said the central bank probably will taper bond purchases this year, according to minutes released yesterday of their September meeting.