Oil finished lower on Tuesday, with U.S. prices down for the first time in four sessions. “Oil trading is a sophisticated game of Chutes & Ladders and there are some hot spots that may take Brent (and possibly WTI) to $100 [a barrel] shortly,” Tom Kloza, global head of energy analysis at the Oil Price Information Service, a Dow Jones company. But whether either benchmark can average $100 for a month is “an interesting question,” he said. “When there are bullish extremes in sentiment, it is often a sign that the market is about to turn.” October West Texas Intermediate crude
CLV23,
fell 28 cents, or 0.3%, to settle at $91.20 a barrel on the New York Mercantile Exchange after settling Monday at their highest price of the year.
