Oil advance further as energy shortage persists

International benchmarks for crude oil shrugged off the weak Chinese GDP data to register additional gains on Tuesday, 19 October 2021 as the global energy crunch persists. Falling temperature also raises the question of woul China be able to meet the local heating need.

Brent rose 75 cents to close at $85.08/barrel.

WTI gained 52 cents to close at $82.96/barrel.