Brent Edges Toward $95, But Ceiling Possibly In Sight

摘要

Brent crude once again set fresh highs not seen since November of last year, as the market continued to focus on tight supplies andinventory draws. But some market players caution the commodity may soon run out of steam. In London, Brent crude for November delivery hit a session high of almost $95 per barrel before settling down at $94.43, a 50￠increase from Friday. The move comes amid a September that has seen a sustained return of $90-plus oil for the fi rst time in 2023. In New York, October West Texas Intermediate (WTI) closed up 71￠ at $91.48/bbl.