Crude Oil On All-Time Peak
Crude oil has climbed up to new all-time peaks in the Asian markets.
Currently, the crude oil is trading at $86.33 per barrel amid growing worry between Turkey and Kurdish rebels across the Iraq border.
In early trading, New York’s main oil futures contract, light sweet crude for next month (November) delivery, was 20 cents higher than the $86.13, which was achieved in late New York trades on yesterday.
Brent North Sea crude for next month delivery was 10 cents higher at a new record of $82.85 per barrel, after spiking $2.20 to $82.75 per barrel in London yesterday.
Brent’s earlier high of $81.05 was accomplished late last month, whereas New York crude has now exceeded its previous record peak of $84.10 reached during intra-day trade during last month.