And Just Like That We Are (Almost) Back To $100

Crude oil futures for December delivery settled over the $99 per barrel mark on the NYMEX, reaching $99.84 per barrel at their highest. 

Strong retail sales and better than expected manufacturing data drove oil futures, on signs that the U.S. economy is expanding and could increase oil consumption.

Here’s a chart that show’s crude oil futures at a three-month high:

crude oil futures

Don’t Miss: The 15 Countries That Are Loving The Surge In Oil Prices >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.