Open Demo Account
Home / Market Update / Commodities / Oil Finished Lower for Second Day in Row

Oil Finished Lower for Second Day in Row

M. Ali 23 December, 2020 1:02 am Commodities, Market Update

Oil prices declined for the second day in a row, amid concerns about a new variant of the novel Coronavirus and the rise of the US Dollar (USD).

Brent crude futures for February delivery lost 83 cents, or 1.6%, to close at $50.08 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for February delivery closed lower by 95 cents, or 2%, at $47.97 per barrel.

Tags

Check Also

Core PCE

The Core PCE Price Index: A Key Indicator in Focus

The Core Personal Consumption Expenditures (PCE) Price Index, a key inflation indicator closely monitored by …

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