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- Oil rose
Oil rose
Brent crude
climbed, extending its premium over West Texas Intermediate to a seven-month
high, as recurring unrest in
Futures
rose as demonstrators at Libya’s Hariga port stopped a tanker from loading,
said Mohamed Elharari, a spokesman for state-run National Oil Corp. Iran and
six world powers ended a meeting over the weekend without coming to an
agreement on the nation’s nuclear program. WTI has fallen for the past five
weeks as
Brent oil
for December settlement, which expires tomorrow, increased $1.39, or 1.3
percent, to $107.20 a barrel on the London-based ICE Futures Europe exchange at
11:11 a.m.
WTI for December delivery advanced $1.41, or 1.5 percent, to $93.45 a barrel on the New York Mercantile Exchange. The contract tumbled $2.10, or 2.2 percent, to $93.04 yesterday, the lowest settlement since May 31. Volume was 24 percent above the 100-day average.
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