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According to Platts Energy News, October 15, Singapore reported that crude oil futures were higher in central Asian trading on Monday morning after the International Energy Agency predicted that prices would remain high for a period of time and the dispute between the United States and Saudi Arabia intensified
.
At 10:35 a.
m.
Singapore time (0235 GMT), ICE Brent crude futures for December rose 93 cents (1.
16 percent) to $81.
36 a barrel from
Friday's closing price.
The New York Firm light crude futures contract for November rose 78 cents a barrel (1.
09%) to $72.
12 a barrel
.
In its latest monthly oil market report, released on Friday, the IEA said that with Brent crude prices now "set" above $80/b, "expensive energy returns, with oil, gas and coal trading at multi-year highs and posing a threat
to economic growth.
" ”
The IEA says the world has reached "a twin peak of demand and supply, which is created
by pushing parts of the system to their limits.
" ”
According to Platts Energy News, October 15, Singapore reported that crude oil futures were higher in central Asian trading on Monday morning after the International Energy Agency predicted that prices would remain high for a period of time and the dispute between the United States and Saudi Arabia intensified
.
At 10:35 a.
m.
Singapore time (0235 GMT), ICE Brent crude futures for December rose 93 cents (1.
16 percent) to $81.
36 a barrel from
Friday's closing price.
The New York Firm light crude futures contract for November rose 78 cents a barrel (1.
09%) to $72.
12 a barrel
.
In its latest monthly oil market report, released on Friday, the IEA said that with Brent crude prices now "set" above $80/b, "expensive energy returns, with oil, gas and coal trading at multi-year highs and posing a threat
to economic growth.
" ”
The IEA says the world has reached "a twin peak of demand and supply, which is created
by pushing parts of the system to their limits.
" ”
