News

Oil facilities affected by Hurricane Brent crude oil futures fell

Although US crude oil inventories fell for five consecutive weeks, the market focused on the impact of Atlantic hurricane on US refineries and demand. WTI rose slightly and continued to maintain its highest price since March 5, while Brent crude oil futures fell back. On Wednesday (August 26), the settlement price of West Texas light oil in October 2020 on the New York Mercantile futures exchange was $43.39 a barrel, up $0.04 or 0.1% over the previous trading day, with a trading range of 43-43.78; the settlement price of Brent crude oil in October 2020 on the London intercontinental exchange was $45.64 a barrel, down $0.22 or 0.5% from the previous trading day, with a trading range of 45.54-4 $6.10.