Open Demo Account
Home / Market Update / Commodities / Oil Settles Higher Awaiting OPEC Decision

Oil Settles Higher Awaiting OPEC Decision

M. Ali 3 December, 2020 1:04 am Commodities, Market Update

Oil prices closed higher on Wednesday, amid anticipation for the OPEC+ alliance decision on production cuts.

Brent crude futures for February delivery rose by 83 cents, or 1.8%, to finish at $48.25 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery gained 73 cents, or 1.6%, to settle at $45.28 per barrel.

Tags

Check Also

Asian Stocks Advance as South Korea Hits Record High on AI Chip Rally, Japan Pauses Near Peak

Most Asian stock markets edged higher on Thursday, led by a sharp rally in South …

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