CommoPlast

Oil mixed on Tuesday

Oil mixed on Tuesday



International benchmarks for oil prices concluded Tuesday (21 September) trading session on mixed resulted, as market’s hope for an agreement between major producers to cap output revived after Russia wowed to cooperate with Iran and OPEC to stabilize the oil market. There also reports that Iran is now open to negotiation with other OPEC members in capping production output. However, analysts are saying that without any concrete agreement, prices would continue to swing.

WTI closed at $43.44/barrel (+$0.14) for October delivery

Brent closed at $45.88/barrel (-$0.13) for November delivery