Brent tops $85 during intraday trading and futures settled Friday with West Texas crude completing an eighth week of gains, the longest since 2015. Oil Prices: West Texas Intermediate for November settlement rose 97 cents to settle at $82.28 a barrel in New York Brent for December delivery added 86 cents to settle at $84.86 a barrel Brent crude topped $85 a barrel in London for the first time since 2018, the latest milestone in a global energy crisis that has seen prices soar. The global benchmark rose above the key level in intraday trading, but did not settle above it on Friday. U.S. crude futures posted an eighth straight weekly gain, the longest stretch of advances since 2015. The shortage of gas and coal is triggering extra demand for oil products from the power market. It’s also depleting stockpiles: the biggest U.S. storage hub at Cushing recorded this […]