Brent crude ** rose

Brent crude oil ** rose yesterday, after being dragged down by lower-than-expected US economic data to a four-month low, it rebounded after traders bought back short positions in early trading to lock in profits.

According to data released by the Ministry of Commerce, new orders for non-defense capital materials that did not include aircraft in response to corporate spending plans fell by 1.3% in September.

In December, the Brent crude oil price fell to below the January contract LCOc1-LCOc2. In addition to the expiry date of the contract, the premium for the first time since June was **. ** The premium market usually implies ample supply and is seen as more bearish than the more common spot premium market structure.

December Brent crude oil contract climbed 0.32 US dollars to close at 106.23 US dollars a barrel, hit a four-month low of 105.13 US dollars. A sharp drop of $3 last Friday.

US crude oil in December rose by 0.01 US dollars to settle at 94.62 US dollars a barrel, hitting a four-month low of 94.06 US dollars.

Brent expanded to US$11.61 more than the US crude oil spread and closed at US$11.30 last Friday.

Traders and analysts said they expect the inventory data released this week to show that US crude oil inventories will increase for the sixth consecutive week last week. The U.S. crude oil contract, which has been in a state of ** premium over the past week, has found some technical support on Monday.

Commerzbank downgraded the 2014 Brent crude oil price forecast by 9 US dollars to 106 US dollars per barrel, saying that the global oil market should continue to supply surplus conditions next year.

Libya's tensions supported oil prices. The leader of the regional Beirge regional autonomy movement in the country announced unanimously on Sunday (November 3) the establishment of the federal government in the region of Belgrade.