Crude price rally extends as global energy crunch tightens fundamental outlooks

摘要

Crude oil futures settled higher Oct. 19 as the global energy crunchpressured supply outlooks.NYMEX November WTI settled 52 cents higher at $82.96/b and ICEDecember Brent climbed 75 cents to $85.08/b.Russian brinkmanship on European gas supply has sent pricessharply higher for both gas and liquid fuels as customers scramble tosecure alternative fuel sources ahead of the winter heating season.