10/19, 11:58 AM (Source: TeleTrader)
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Oil rises as energy supply concerns persist

Prices of oil futures rose on Tuesday after concerns about the early cold wave in China and the increased energy demand it may result in continued to affect oil markets. In addition, traders will monitor the latest report on the United States crude oil inventory levels, set to be released by the American Petroleum Institute later in the day.

Brent for December deliveries was up 0.90%, going for $85.09 per barrel at 5:45 am ET, while West Texas Intermediate (WTI) for settlements in November gained 1.27% to sell for $83.49 per barrel at 5:34 am ET.

Baha Breaking the News (BBN) / MS