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U.S. oil futures end at highest since November - MarketWatch

MarketWatch · last updated

U.S. oil futures end at highest since November - MarketWatch

U.S. oil futures settled Tuesday at their highest since November, lifted by news that Saudi Arabia and Russia have decided to extend their production cuts to the end of the year. October West Texas Intermediate crude CLV23 climbed $1.14, or 1.3%, to settle at $86.69 a barrel on the New York Mercantile Exchange. Prices based on front-month contract ended at their highest since mid-November, FactSet data show....

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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