WTI Rises, Brent Crude Falls with Settlements on Tuesday

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While the West Texas Intermediate crude oil settlement reflected a gain, Brent crude suffered another loss on Tuesday, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, October West Texas Intermediate crude rose 39 cents, or 0.9%, to settle at $44.83 a barrel, after falling as low as $43.84 a barrel during the trading session.

On the London ICE Futures Exchange, November Brent crude fell 37 cents, or 0.8%, to end trading at $47.26 a barrel.

Meanwhile, October natural gas fell 7.5 cents, or 2.7%, to settle at $2.717 per million British thermal units on the New York Mercantile Exchange.

On Wednesday, the EIA is scheduled to release its monthly Short-Term Energy Outlook Report. Weekly supply data from the U.S. Energy Information Administration will be released on Thursday due to Monday’s holiday.

 

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