Brent crude hit $93.82 a barrel in early Asian trade, extending a rally that has pushed both benchmarks to their highest levels since late July.
Brent crude edged up to $93.82 a barrel in early Asian trade, while WTI slipped slightly to $86.78, both set for a second consecutive week of gains. Over five sessions, Brent has risen more than 7% and WTI more than 8%, reaching their highest levels since 24 July.
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Oil prices edged higher in early Asian trading, putting both major benchmarks on course for a second consecutive week of gains.
Brent crude futures rose four cents to $93.82 a barrel, following a 2.4% gain in the previous session. US West Texas Intermediate futures slipped six cents to $86.78 a barrel, after rising 2.3% the day before.
Over the past five trading days, Brent has climbed more than 7% and WTI more than 8%, bringing both contracts to their highest levels since 24 July.
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