FX & CFD trading involves significant risk
for a third day in
Intermediate advanced as much as 1 percent after state-run National Oil Corp.
said crude production in
WTI for December delivery gained 59 cents, or 0.6 percent, to $98.44 a barrel at 11:34 a.m. on the New York Mercantile Exchange. Futures touched $95.95 Oct. 24, the lowest intraday level since June 27. The volume of all futures traded was 27 percent below the 100-day average.
Brent oil for December settlement rose $2.09, or 2 percent, to $109.02 a barrel on the London-based ICE Futures Europe exchange. Volume was 4.5 percent higher than the 100-day average. The European benchmark crude traded at a $10.58 premium to WTI, up from $9.08 on Oct. 25. The spread widened to $13.37 on Oct. 23, the most in six months on an intraday basis.
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