WTI crude holds near $92; Up 30% in Q3
Mumbai, Oct. 1 -- Crude oil traded around $92 per barrel on Thursday, reversing earlier losses as investors weighed recovering Middle East energy flows against the continued impasse in US-Iran negotiations. Oil extended its rally for a third consecutive month in September, with WTI gaining around 5% and Brent rising about 14%, supported by geopolitical tensions, tight fuel markets and persistent supply concerns. The third quarter was even stronger, with crude rising almost 30% after starting near $70 per barrel, following the extraordinary 75% surge in Q1. In India, the move was amplified by currency weakness, with international crude prices up around 5% in September compared with an almost 10% gain in MCX crude, while the rupee declined 0....
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