by Matthew V. Veazey
Friday, October 25, 2019
WTI and Brent crude oil costs completed the day and the week in optimistic territory.
West Texas Intermediate (WTI) and Brent crude oil costs completed the day and the week in optimistic territory.
The December WTI contract added 43 cents Friday to settle at $56.66 per barrel. The sunshine crude marker traded inside a variety from $55.60 to $56.72. In opposition to the Oct. 18 settlement, WTI is up practically 5.Four p.c.
Brent crude for December supply additionally edged upward, gaining 35 cents to finish the day at $62.02 per barrel. Week-on-week, the Brent is up 4.Four p.c.
“International oil costs made a partial restoration this week, with Brent crude holding above $61 per barrel in current days,” Cailin Birch, world economist at The…