COMMODITY
Crude oil futures close higher as supply concern lingers
Oct-29-2026

Crude oil futures closed higher on Wednesday as several reports suggest possible U.S. attacks on Iran by next week, which could attract intense Iranian retaliation. The war-threat fueled supply disruption concerns for an indefinite period. 

Benchmark crude oil futures for December delivery increased by $2.88 or 2.88% to settle at $102.78 a barrel on the New York Mercantile Exchange. Brent crude for December delivery rose by $1.44 or 1.26% to settle at $115.32 a barrel on the New York Mercantile Exchange.


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