9/28, 3:16 AM (Source: TeleTrader)
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WTI at $95 per barrel for first time in over one year

The prices of oil futures recorded gains, with West Texas Intermediate surpassing the value of $95 per barrel for the first time since August 2022.

The commodity thus continued to observe price rises in the aftermath of a larger-than-expected decline in the US inventories.

WTI for November's deliveries jumped by 1.31% at 9:10 pm ET to sell for $94.90 per barrel, having hit $95 per barrel moments earlier. A minute later, Brent for the same month's settlements grew by 1.17% to go for $97.64 per barrel.

Baha Breaking News (BBN) / JR