Brent Crude Rises Towards $115/B, Supported By Mideast Tension

Published on Monday, 15 Oct 10:28 am

Brent crude climbed toward $115/B on Thursday as rising tensions in the Middle East stoked supply fears, keeping prices less than a dollar away from their highest level in almost a month, although forecasts of lower demand capped gains (Reuters). November Brent crude rose 52cents to $114.85/B, the highest since September 17 before settling down slightly, while US crude edged up 33 cents to $91.58/B after dropping more than 1% in the previous session.

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