By Srinivas Chowdary Sunkara // petrobazaar // 20th Sep, 2018.
Brent closed up by 37 cents or 1.27 pct to $79.4 and WTI rose by $1.27 with 1.82 pct gain last night. U.S crude futures spiked to more than two month's high on fifth weekly drawings in crude and gasoline stocks amid strong gasoline demand. On going concerns on Iranian sanctions to be effective from Nov also supported the upward momentum in NYMEX. Brent prices were bolstered by an unofficial report saying that Saudi is happy with crude around $70-80 and not keen on rising supplies. Both the crude futures are continuing upward momentum today. Good day.
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