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Oil Ends on Mixed Note Amid Recovery Concerns

M. Ali 9 December, 2020 1:42 am Commodities, Market Update

Oil prices showed a mixed performance on Tuesday, amid increasing concerns about the rising number of Coronavirus cases.

Brent crude futures for February delivery rose by 0.10% and finished at $48.84 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery declined by 0.4% and settled at $45.60 per barrel.

Earlier today, data showed a rise in OPEC production of crude oil last month to its highest level in about six months.

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