Brent, WTI diverge as market consolidates following steep declines

摘要

New York—Oil futures settled mixed Sept. 11 after a volatile session as the market consolidated following a steep selloff.NYMEX October WTI settled up 3 cents at $37.33/b, while ICE November Brent was down 23 cents on the day at $39.83/b. With few fundamental drivers to lean on, oil markets have looked to equity indexes for direction in recent weeks, analysts said. Oil futures climbed off overnight lows early in US trading as major equity indexes climbed, but the oil rally faltered as equity prices retreated midday.