Brent crude oil prices trading around $69 Wednesday

Brent crude oil for October settlement rose as much as 61 cents, or 0.9 percent, to $68.34 a barrel on the London-based ICE Futures Europe Exchange, and was at $68.03 at 12:23 p.m. Singapore time. The contract dropped $1.92, or 2.8 percent, to $67.73 yesterday.

“Everyone is afraid of the drop-off you saw in equities in September and October and since crude is trading like an asset class, if you see a sell-off in equities, then crude is going to drop,” said Jonathan Kornafel, a Singapore-based director for Asia at options traders Hudson Capital Energy.