Oil futures finish higher as tight supplies come back into focus


Oil futures on Monday gave up early losses to finish higher, with tight supplies returning to the spotlight, providing support for prices. The market is “waking up to realize” that distillate supplies are so tight that there’s little room for any disruptions, ahead of the winter heating season, said Phil Flynn, senior market analyst at The Price Futures Group. October WTI crude CLV22, +0.23% rose 62 cents, or 0.7%, to settle at $85.73 barrel on the New York Mercantile Exchange.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleWhat’s Worth Streaming: Here’s what’s new on Hulu in October 2022, and what’s leaving
Next articleU.S. homebuilder sentiment declines for ninth straight month


Please enter your comment!
Please enter your name here