TEMPO.CO, New York - The price of crude oil ended uprising on Friday, Sept. 29, at the last day of sales in the third quarter, since investors estimated new demand from United States refineries.
In the US, the price of light sweet or West Texas Intermediate (WTI) crude oil for November shipping increased $0.11 at the price of $51.67 per barrel in New York Mercantile Exchange.
Meanwhile in Europe, the price of Brent North Sea crude oil for November shipment raised $0.13 dollars at the price of 57.54 dollars per barrel in London ICE Futures Exchange.
The price of the US crude oil rose 12 percent on the third quarter, while the price of Brent crude oil increased almost 10 percent in September.
The oil prices went up amid the expectation of new demand from the US refineries which will be back in operation after Storm Harvey.
ANTARA