Market News
Oil settles higher as tight fuel markets offset crude supply concerns - REUTERS
Summary
- Fuel prices gain on refinery outages, Russian supply disruptions
- Crude oil oversupply concerns persist on rising output
- US Senate advances bill to end federal shutdown
- Flight delays, cancellations in the US accelerate
NEW YORK, Nov 10 (Reuters) - Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh U.S. sanctions and Ukrainian drone attacks on Russian refineries, although predictions of a crude supply surplus kept gains in check.
Brent crude futures rose 43 cents, or 0.7%, to settle at $64.06 a barrel, while U.S. West Texas Intermediate crude futures advanced 38 cents, or 0.6%, to close at $60.13 a barrel.
