Commodities
Oil Prices Surge on Stalled US-Iran Talks and Tightening Fuel Markets
Oil prices rose by about $1 per barrel on Wednesday due to stalled US-Iran peace talks and tightening fuel markets.
The Brent November futures contract settled up 91 cents, or 0.9%, at $103.50 a barrel, while the December contract was up $1.87, or 1.9%, at $98.03.
US West Texas Intermediate crude settled at $90.42, up $1.04, or 1.2%.
Brent recorded a monthly gain of around 14%, its biggest since July, while WTI increased by about 5% on the month.
Qatar expressed hope that shuttle diplomacy between Tehran and Washington can lead to a breakthrough in talks.