Oil Prices Finish Higher at Midweek



Oil Prices Finish Higher at Midweek
The WTI and Brent crude oil benchmarks traded higher Wednesday.

The West Texas Intermediate (WTI) and Brent crude oil benchmarks traded higher Wednesday.

December WTI added 32 cents to settle at $57.12 per barrel. The contract traded within a range from $56.20 to $57.53.

Also finishing higher Wednesday was the December Brent marker. Brent ended the day at $62.37 per barrel, reflecting a 31-cent gain.

Earlier Wednesday, oil prices were down amid the lack of new public revelations about a trade agreement between the United States and China, notes a Bloomberg article posted to Rigzone. The news service pointed out that oil investors want some trade deal to emerge to boost oil demand, particularly as new major supply sources prepare to hit the global market.

Reformulated gasoline (RBOB) edged upward during midweek trading. December RBOB added two cents to settle at $1.64 per gallon.

The laggard Wednesday among the commodity prices tracked by Rigzone was Henry Hub natural gas. December gas futures lost two cents to close at $2.60.

To contact the author, email mveazey@rigzone.com.



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