On Oct 8, Brent crude futures fell 4.63 per cent to US$77.18 a barrel. US West Texas Intermediate (WTI) futures also finished down by 4.63 per cent to US$73.57. On Oct 9, Brent recovered a little ground, rising 0.6 per cent to US$77.63 by 0703 GMT. WTI climbed 0.4 per cent to US$73.90.
“We continue to be very headline-dependent,” said Mr John Kilduff, partner with Again Capital. “This morning, we heard about the potential ceasefire. Then we got indications targets are still being dialled in and energy targets are in the mix.”
This story is from the October 10, 2024 edition of The Straits Times.
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This story is from the October 10, 2024 edition of The Straits Times.
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