Brent Already Above $109/B After Sliding For Five Days, Mideast Support

Published on Wednesday, 24 Oct 11:36 am

Brent futures held steady above $100/B as investors judged the previous session’s fall in prices to their lowest in nearly three weeks as an opportunity to buy, with simmering tensions in the Middle East providing additional support (Reuters). Brent crude rose 36 cents to as much as $109.80/B, after declining for five days to the lowest since 4 October, while US oil rose 24 cents to $88.89/B.

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