Home / Market Update / Commodities / Oil Maintains Rising Streak with Modest Gains

Oil Maintains Rising Streak with Modest Gains

Oil prices rose slightly on Wednesday, to maintain their rising trend, since positive news about the success of a Coronavirus vaccine emerged.

In addition, a decline in US crude inventories supported crude prices.

Brent crude futures for January delivery rose by 19 cents, or 0.4%, to close at $43.80 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for December delivery finished higher by 9 cents, or 0.2%, at $41.45 per barrel.

Check Also

Saudi Arabia Faces Financial Crossroads as Oil Dynamics Shift

Saudi Arabia is bracing for a challenging financial landscape in 2025, with public debt projected …