• Oil prices rose

Market news

5 October 2015

Oil prices rose

West Texas Intermediate futures for November delivery rose to $45.87 (+0.72%), while Brent crude advanced to $48.52 (+0.81%) amid Russia's willingness to discuss oil markets with OPEC and non-OPEC producers. Tensions in Syria also affect crude prices.

Meanwhile Saudi Arabia's state oil company Saudi Aramco cut prices for Asian customers by $1.7 per barrel. Oil shipped to the U.S. got 30 cents cheaper. This decision was announced on Sunday. Last month Iran and Iraq took similar steps.

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