Oil prices were higher today with Brent rallying to nine month highs as rising Diesel futures lifted prices and increased worries about tight supplies. Both contracts closed higher about 2% week over week. “Crude prices continue to trade on supply-side drivers. No one is doubting that OPEC+ will keep this market tight going into the winter,” Edward Moya, senior market analyst at data and analytics firm OANDA, said in a note. Heating oil futures rose about 3% today. Both crude benchmarks remained in technically overbought territory for a sixth straight day, with Brent’s settlement its highest since Nov. 16. WTI’s settlement was its highest since Sept. 6, which was its highest since November. WTI traded up $.64 or .7% to close at $87.51. Brent traded up $.73 or .8% to close at $90.65.

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mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website
mars
  • Where: La Quinta Resort & Club, La Quinta, California
  • Attending: Curtis Chandler (239.405.3365)
  • Conference Website
opis
  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website