Opec cuts and prices rise

During Tuesday trading, Brent futures fell below $100 a barrel for the first time since April, as the dollar's gradual recovery and weaker global oil demand continued to depress prices. On Wednesday, however, following a surprise decision by Opec to cut crude production, Brent was back above that level, the October contract rising by $0.02/b to $100.36/b. WTI October futures, meanwhile, were up by $1.07/b at $104.33/b.