Andrew
Benchmark Brent oil climbed above US$100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn.
Brent for October settlement reached a three-week high, trading up US$1.30, or 1.3 percent, at US$101.52 a barrel by 0850 GMT. U.S. crude was up US$1.18, or 1.3 percent, at US$94.92 a barrel. – Reuters
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