Open Demo Account
Home / Market Update / Commodities / Oil Finishes at Highest Level in About Nine Months

Oil Finishes at Highest Level in About Nine Months

M. Ali 25 November, 2020 2:28 am Commodities, Market Update

Oil prices continued to rally on Tuesday, achieving big gains to finish near its highest level since early March.

Brent crude futures for January delivery surged by $1.80, or 3.9%, to close at $47.86 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery soared by $1.85, or 4.3%, to finish at $44.91 per barrel.

This is the highest closing level for the most active contracts of both the global and US benchmarks since March 5.

Tags

Check Also

Is China Withdrawing From US Treasuries?

While Chinese investors are increasingly diversifying away from US Treasuries toward European and other assets, …

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