Brent holds above US$90 as traders eye European, US indicators

Brent reached US$90 a barrel last week for the first time in 10 months after Saudi Arabia and Russia announced they would extend voluntary supply cuts until the end of the year. — Reuters

SINGAPORE: Brent crude futures holds above US$90 as investors await macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe and the repercussions that would have for oil demand.

November Brent crude futures rose 28 US cents to US$90.92 a barrel, while US West Texas Intermediate crude futures for October edged 35 US cents higher to US$87.64.