West Texas
Intermediate rose as Tropical Storm Karen pushed through the Gulf of Mexico to
the
Prices
gained as much as 0.9 percent. Karen will make landfall early Oct. 6 on the
southeastern tip of
WTI for
November delivery increased 58 cents, or 0.6 percent, to $103.89 a barrel at
10:58 a.m. on the New York Mercantile Exchange. The volume of all futures traded
was about 50 percent below the 100-day average. Prices are up 1 percent this
week and 13 percent this year.
Brent for
November settlement gained 39 cents, or 0.4 percent, to $109.39 a barrel on the
London-based ICE Futures Europe exchange yesterday. Futures were 39 percent
below the 100-day average. The European benchmark was at a premium of $5.50 to
WTI, compared with $5.69 yesterday.