Open Demo Account
Home / Market Update / Commodities / Oil Prices Show Mixed Performance

Oil Prices Show Mixed Performance

M. Ali 11 January, 2021 11:59 pm Commodities, Market Update

Oil prices showed a mixed performance on Monday, starting the week on a negative tone amid a surge in new Coronavirus cases and a rebound by the U.S. Dollar (USD).

Brent crude futures for March delivery declined by 33 cents, or 0.6%, to settle at $55.66 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for February delivery settled nearly unchanged at $52.25 per barrel, at its highest level since February 21, supported by the recent draw in crude inventories in the United States and the OPEC+ agreement to curb output, after registering losses earlier in today’s session.

Tags

Check Also

Geneva framework: Will Trade Deals Dodge Looming Tariff Storm?

The U.S. dollar surged on news of advancing trade talks, particularly with China. U.S. Commerce …

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