OIL FUTURES: Crude rises amid escalating war premiums, Hurricane Milton continues

Crude oil futures jumped in Asian mid-morning trading on Oct. 10 as supply risks from the Middle East conflict and Hurricane Milton’s impact supported fundamentals in the near term. At 11:56 am Singapore time (0356 GMT), the ICE December Brent futures contract rose 54 cents/b (0.71%) from the previous close at $77.12/b, while the NYMEX November light sweet crude contract…Crude oil futures jumped in Asian mid-morning trading on Oct. 10 as supply risks from the Middle East conflict and Hurricane Milton’s impact supported fundamentals in the near term. At 11:56 am Singapore time (0356 GMT), the ICE December Brent futures contract rose 54 cents/b (0.71%) from the previous close at $77.12/b, while the NYMEX November light sweet crude contract…Read More