Highlights ICE Brent crosses $85/b Global mobility hits fresh pandemic high NYH RBOB cracks rally as USAC stocks fall Crude futures settled at fresh multi-year highs Oct. 15 as a continued recovery in global energy demand added pressure to near-term supply outlooks.NYMEX November WTI settled 97 cents higher at $82.28/b and ICE December Brent rallied 86 cents to $84.86/b. “Crude prices are rallying after another round of strong earnings and economic data suggests the economy can still handle the current surge in energy prices,” OANDA senior market analyst Ed Moya said in a note. “It will take a trifecta of events to derail this oil price rally: OPEC+ unexpectedly boosts output, warm weather hits the northern hemisphere, and if the Biden administration taps the strategic petroleum reserves. “ICE Brent made several pushes above the […]