On the New York Mercantile Exchange, WTI crude for November delivery traded in a tight range between $44.00 and $45.80 a barrel, before closing at $45.55, up 0.81 or 1.81% on the day.
For the week, Texas Long Sweet futures were virtually flat after opening on Monday just below $45.40 a barrel. Although the price for the front month of WTI future contracts has not reached $50 a barrel since mid-July, the November contract has only fallen by roughly 1% over the last month of trading.
On the Intercontinental Exchange (ICE), brent crude for November delivery wavered between $46.94 and $48.50 a barrel, before settling at $48.17, up 0.48 or 1.01% on the session.
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