Pre. Settlement | N/A |
Settlement date | 2023-10-20 |
Open | 93.78 |
Bid | 93.82 |
Last price | 93.68 |
Day's range | 93.69 - 93.87 |
Volume | |
Ask | 93.83 |
A major crude storage hub in the US is running low on stockpiles at a time when world markets are feeling a supply squeeze.
The development of Britain’s largest untapped oil field in the North Sea will generate billions of pounds in tax and boost the UK’s energy security for decades, ministers have said.
Oil prices jumped more than 3% Wednesday, with U.S. crude hitting a 10-month high above $94 a barrel, as traders responded to another weekly drop in crude stockpiles in the United States even as demand for fuels fell amid a seasonal decline in road travel. New York-traded West Texas Intermediate, or WTI, crude for delivery in November settled at $93.68 per barrel, up $3.29, or 3.7%, on the day.