Oil rises on tight supply outlook | Reuters:
Oil prices rose on Monday, with U.S. crude futures jumping more than 2 percent, as traders continued to focus on supply disruptions and a possible hit to crude output from U.S. sanctions on Iran.
October Brent crude futures LCOV8, the most actively traded contract, settled at $75.55 a barrel, up 79 cents. The September Brent contract, which expires on Tuesday, settled at $74.97, up 68 cents, or 0.9 percent. Volumes in an expiring contract tend to dwindle in the last few days before it goes off the board.
U.S. West Texas Intermediate crude futures (WTI) CLc1 rose $1.44, or 2.1 percent, to settle at $70.13 a barrel.
No comments:
Post a Comment