West Texas
Intermediate crude climbed from the lowest price in more than a week as a U.S.
Senate committee approved military strikes on
Futures
advanced as much as 0.8 percent in
WTI for
October delivery increased as much as 81 cents to $108.04 a barrel in
electronic trading on the New York Mercantile Exchange, and was at $107.86 at
1:29 p.m. London time. The contract dropped 1.2 percent to $107.23 yesterday,
the biggest decline since Aug. 20 and the lowest settlement since Aug. 26. The
volume of all futures traded was about 50 percent below the 100-day average.
Brent for
October settlement was 40 cents higher at $115.31 a barrel on the London-based
ICE Futures Europe exchange. The European benchmark crude was at a premium of
$7.39 to WTI, compared with $7.68 yesterday.