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SINGAPORE: Oil costs surged by virtually 1 % on Wednesday, buying and selling close to their highest since April, as crude and gasoline merchandise stock knowledge displaying strong demand from the world’s largest gasoline client, the US, offset demand issues elsewhere, based on Reuters.
Brent crude futures for October rose 76 cents, or 0.90 %, to $85.67 a barrel at 7:07 a.m. Saudi time. Likewise, US West Texas Intermediate crude for September climbed 76 cents, or 0.93 %, to $82.13 a barrel.
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