Oil Rises as Concern Over Higher Supply Ease

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https://www.wsj.com/finance/commodities-futures/oil-rises-as-concern-over-higher-supply-ease-117ed142

0114 GMT — Oil rises in early Asian trade amid easing investor concerns over higher supply. Data showing OPEC’s oil production held broadly steady in August and news that Russia had agreed on further OPEC+ cuts also helped ease concerns over supply, say analysts from ANZ in a note. Front-month WTI crude oil futures are up 0.4% at $85.91/bbl, while Brent crude oil futures are 0.3% higher at $88.83/bbl. (bingyan.wang@wsj.com)

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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