Brent crude trades around $105 on reports of Saudi cargoes via Oman
At 9.33 am on Thursday, November Brent oil futures were at $105.75, down by 0.08 per cent, and October crude oil futures on WTI (West Texas Intermediate) were at $102.32, down by 0.11 per cent
Brent crude futures prices rose to around $105 a barrel on Thursday morning after reports emerged that Saudi Arabia would send crude cargoes through Oman. By 9:33 am on Thursday, the price of Brent oil futures had dipped slightly to $105.75, while WTI crude oil futures fell to $102.32. The US Energy Information Administration's (EIA) weekly petroleum status report revealed that US crude oil inventories fell by 0.6 million barrels to 423.4 million barrels, while gasoline and distillate inventories increased.
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