On 8 September Brent printed $99.14/bbl, up 2.2%, while WTI printed $94.50/bbl, up 3.3%, outpacing Brent. Larger-than-expected US inventory draws combined with Middle East risk premium lifted both benchmarks, compounding RMB-denominated import cost pressure.

WTI crude futures closed at $93.831/bbl, up 2.57% on the day, hitting a recent high.

Brent Crude fell slightly to $95.43/bbl, down 0.09%. WTI Crude rose 0.09% to $91.38/bbl.

Brent last traded at $88.33/bbl with WTI at $83.47/bbl, up 0.05% intraday. Markets eye tightening supply ahead of September North American refinery maintenance;