Crude oil futures settled higher on Wednesday after the planned meeting between U.S. President Donald Trump and Russian President Vladimir Putin slated to be held in Budapest, Hungary, to explore avenues to end the three-plus-year Russia-Ukraine war has been cancelled. Besides, concerns over supply-side disruptions persist due to heavy sanctions by the U.S. and West on Russian oil exports.
Benchmark crude oil futures for November gained $1.26 or 2.20% at $58.50 a barrel on the New York Mercantile Exchange. Brent crude for December delivery increased $1.27 or 2.07% to settle at $62.59 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: