ET (20:30 GMT) Tuesday
Investing.com – Crude oil prices remained supported on Tuesday, as escalating violence between Iraqi troops and Kurdish forces near Kirkuk sparked considerations over potential supply disruptions within the area, whereas buyers eyed upcoming U.S. stock information.
The U.S. West Texas Intermediate crude November contract was up15 cents or about 0.29% at $fifty two.02 a barrel by 09:00 a.m. ET (13:00 GMT),simply off the earlier session’s two-week high of $fifty two.37.
Elsewhere, Brent oil for December supply on the ICE Futures Exchange in London was up 34 cents or about zero.61% at $fifty eight.17 a barrel, close to Monday’s greater than two-week peak of $fifty eight.Forty oil prices 2013 seven.
Fighting close to Kirkuk began following a referendum in which the Kurds, who run their very own semi-autonomous area in northern Iraq, voted overwhelmingly in favor of independence final month, defying Baghdad, regional powers and the U.S.
Meanwghile, buyers were eyeing weekly data from the U.S. on stockpiles of crude and refined oil prices 2013 products to gauge the strength of demand in the world’s largest oil consumer.
Business group the American Petroleum Institute is because oil prices 2013 of launch its weekly report at 4:30 coke p.m. ET (20:30 GMT) Tuesday.