Home / Market Update / Commodities / Oil Settles Higher on Strong Economic Data

Oil Settles Higher on Strong Economic Data

Oil prices closed Tuesday higher as positive data for the manufacturing sector in the United States and Canada improved the energy demand outlook.

The global benchmark Brent crude futures for November delivery finished higher by 30 cents, or 0.7%, at $45.58 per barrel.

Meanwhile, the US West Texas Intermediate (WTI) crude futures for October delivery added 15 cents, or 0.4%, to close at $42.76 per barrel.

Check Also

Where US Economy Stands Prior To Election Results

As voters prepare to choose the next president, the U.S. economy is, by most measures, …