NYMEX crude oil upside at $86.95

International oil prices are slightly lower, with bulls taking a small breather from the ongoing rally driven by strong U.S. demand. But global energy prices remain high as temperatures fall with the onset of winter in the northern hemisphere. NYMEX crude oil is expected to rise to $86.95 in the aftermath.

At 14:09 GMT, NYMEX crude oil futures were down 0.14% to $83.64 per barrel; ICE Brent crude futures sank 0.01% to $85.16 per barrel. The two markets hit new highs overnight of $85.41/barrel since Oct. 14, 2014 and $85.77/barrel since Oct. 4, 2018.