Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7%, from their last close. Brent closed little changed in the previous session.
United States Oil Fund
Crude Oil Trades Roughly Flat as Supply Risks offset Rising US Crude Stockpiles
Gold Silver Reports – Brent crude oil held above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories.
Crude Oil Prices Surge more than 4% as OPEC nears Deal to Cut Output
Brent crude, the international benchmark for oil prices, rose $2.78, or 2.6 percent, to $62.84 a barrel by 8:47 a.m. ET (1347 GMT). U.S. West Texas Intermediate crude futures were up $2.17, or 4.2 percent, at $53.66 per barrel.
OPEC And its Allies Are Set To Meet on Dec. 6 to Discuss Supply Cuts
Gold Silver Reports (GSR) – Growing fears of an economic slowdown, which saw global stock markets tumble again, added further pressure on crude.
MCX Crude Tips – Watch 3949 Level, Above we See Target 4160 (Trade With Small Lots)
MCX Crude Tips – Watch 3949 Level, Above we See Target 4160 (Trade With Small Lots)
Crude Prices Up by 1 percent After Saudi Arabia Announces December Supply cut
Crude Oil prices rose by about one percent on Monday after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since early October.