Commodity Corner: WTI, Brent Settle Higher

Thanks to rising equities markets, the WTI and Brent benchmarks posted gains Tuesday.

Light sweet crude oil for November delivery gained 2.3 percent to settle at $88.34 after trading within a range from $85.55 to $89.03. After peaking at $111.83, the Brent slid to end the day at $111.15— representing a nearly one-percent net gain for the day. The intraday low for Brent was $108.45.

The Dow Jones Industrial Average and Nasdaq averages each were up approximately 1.6 percent Tuesday while the S&P 500 gained slightly more than two percent after Bank of America posted stronger earnings for the third quarter.

Front-month natural gas lost 3.8 percent Tuesday, settling at $3.55 per thousand cubic feet. The November contract traded within a range from $3.54 to $3.70.

November reformulated gasoline edged upward to end the day at $2.75. It fluctuated from $2.68 to $2.77.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Pricing Analyst - Amarillo, TX Job
Expertise: Accounting|Budget / Cost Control|Cost Engineer
Location: Amarillo, TX
 
Senior Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours