Open Demo Account
Home / Market Update / Oil Settles at Highest Level Since March

Oil Settles at Highest Level Since March

M. Ali 24 November, 2020 1:28 am Market Update

Oil prices closed higher on Monday, opening the week with a positive performance, supported by positive news about Coronavirus vaccines.

Brent crude futures for January delivery surged by $1.10, or 2.5%, to settle at $46.06 per barrel.

This is the highest closing level for the global benchmark active contracts since March 5.

Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery added 64 cents, or 1.5%, to finish at $43.06 per barrel, ending the session at its highest level since August 26.

Tags

Check Also

Rate Cut Bets Anchor US Stocks Amid Government Shutdown and Tariff Noise

The Dow Jones Industrial Average (DJIA) began the week on shaky ground, briefly slipping after …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends