Brent Crude Rises Towards $114/B After Monday’s Plunge

Published on Wednesday, 19 Sep 12:46 pm

Brent crude rose to near $114/B on Tuesday, after steep losses in the previous session, but gains were limited as investors weighed on the impact of the Fed’s stimulus push on oil demand and eyed China’s next step to boost its economy. Brent crude fell more than $5/B on Monday in a wave of late, high-selling that many traders said appeared to have stemmed from an automated computer trading program. (Reuters) Brent crude for November delivery was up 19 cents at $113.98/B , while US crude slipped from $98.65/B to below $95/B in the same 3-minute period.

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