Open Demo Account
Home / Market Update / Commodities / Oil Maintains Gains for Third Day

Oil Maintains Gains for Third Day

M. Ali 8 January, 2021 1:00 am Commodities, Market Update

Oil prices rose on Thursday for the third consecutive session, supported by the recent OPEC+ agreement to curb output and the large drop in crude inventories in the United States.

Brent crude futures for March delivery closed higher by 8 cents, or 0.2%, at $54.38 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for February delivery added 20 cents, or 0.4%, to finish at $50.83 per barrel.

On Wednesday, both the global and the U.S. benchmarks recorded their highest closing level since last February.

Tags

Check Also

Trade Talks Intensify as August 12 Tariff Deadline Looms

Global trade negotiations are heating up as the United States and China race against a …

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