Home / Market Update / Commodities / Oil Finishes Higher for Second Day

Oil Finishes Higher for Second Day

Oil prices rose on Tuesday for the second consecutive session, recovering some of its recent losses, amid output disruptions in North America.

Brent crude futures for October delivery closed higher by $2.30, or 3.35%, at $71.05 per barrel, to close at its highest level since August 12.

Meanwhile, the West Texas Intermediate (WTI) crude futures added $1.90, or 2.9%, to finish at $67.54 per barrel

Month-to-date the global and U.S. benchmarks are down by 6.92% and 8.67%.

Check Also

USD Under Pressure: Political Turmoil Shakes the Markets

Sudden Slide: The U.S. dollar lost much of last week’s gains, with its index slipping …