Crude oil futures fell, wary of supply disruption from the Middle East.
Crude oil futures fell in Asian trading on the 11th. With increasing caution towards supply disruptions in case of impact on demand from hurricanes in the USA and Israel attacking Iranian petroleum facilities, the outlook points to a second consecutive weekly rise.
North Sea Brent futures stood at $79.01 per barrel, down $0.39 (0.5%) at 0152 GMT (9:52 a.m. Japan time). U.S. WTI futures were down $0.32 (0.4%) at $75.53. Both benchmarks are expected to rise by 1-2% weekly.
In the USA, Hurricane 'Milton' made landfall on the western coast of Florida on the 9th, crossing the central part of the state by early morning on the 10th. Tornadoes occurred, houses were destroyed, nearly 2 million households experienced power outages, and at least 10 people died.
North Sea Brent futures stood at $79.01 per barrel, down $0.39 (0.5%) at 0152 GMT (9:52 a.m. Japan time). U.S. WTI futures were down $0.32 (0.4%) at $75.53. Both benchmarks are expected to rise by 1-2% weekly.
In the USA, Hurricane 'Milton' made landfall on the western coast of Florida on the 9th, crossing the central part of the state by early morning on the 10th. Tornadoes occurred, houses were destroyed, nearly 2 million households experienced power outages, and at least 10 people died.
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