U.S. oil futures settle flat for the session, but Brent crude edges higher
Oil futures ended on a mixed note Monday, with U.S. prices settling unchanged for the session, easing back after touching intraday highs above $85 a barrel, the highest in about seven years. Global benchmark Brent crude posted a slight gain on the back of ongoing concerns over tight global oil supplies. "This oil market will remain tight and that should mean a headline or two away from $90 oil," said Edward Moya, senior market analyst at Oanda. West Texas Intermediate crude for December delivery settled flat at $83.76 a barrel on the New York Mercantile Exchange. December Brent crude edged up by 46 cents, or 0.5%, to settle at $85.99.
-Myra P. Saefong
(END) Dow Jones Newswires
October 25, 2021 14:55 ET (18:55 GMT)
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