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Singapore, September 30 (QNA) – Oil prices rose on Wednesday after falling in the previous session on a recovery in crude supply from the Middle East.
Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel, and US West Texas Intermediate (WTI) crude gained 34 cents, or 0.38%, to $89.72.
Brent is headed for a monthly gain of around 14%, its biggest climb since July, while WTI is on track for a 4% rise after having breached $106 for the first time since May.
The spread between the two benchmarks this month also expanded to its widest in four months. (QNA)