Markets News Oil 

Brent crude rebounds slightly from biggest drop in 2 1/2 years

“The global oil market supply backdrop also remains constructive, analysts said, with Brent prices having flirted with three-year highs earlier in the week amid a spate of global supply issues” writes David Hodari for marketwatch.com. On the strength of that report, “the oil market would be sufficiently supplied next year,” Commerzbank said in its research note.Commerzbank said in a note that it is unclear how much damage has been sustained in the reclaimed oil ports following fighting last month.September Brent crude LCOU8, +0.46% rose $1.08, or 1.5%, to $74.48 a barrel on London’s ICE Futures exchange.
 
Source: marketwatch.com



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