US crude futures up for fourth straight session, hit 14-week high

07 November 2011 22:30  [Source: ICIS news]

HOUSTON (ICIS)--December NYMEX WTI crude futures settled at $95.52/bbl on Monday, up by $1.26/bbl compared with the previous close, on renewed sentiment that Greece and Italy will be able to handle their debt issues.

The settlement, which was the fourth consecutive session with an increase, reaching a 14-week high, also came alongside concerns over Iran’s nuclear program.

December ICIS Brent crude futures also followed the WTI trend, performing higher by gaining $2.59/bbl to settle at $114.56/bbl.

($1 = €0.73)


By: Brian Balboa
+1 713 525 2653

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