Open Demo Account
Home / Market Update / Commodities / Oil Futures Close Thursday on Mixed Note

Oil Futures Close Thursday on Mixed Note

M. Ali 22 January, 2021 3:07 am Commodities, Market Update

Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States.

Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, to close at $53.13 per barrel.

Meanwhile, Brent crude futures for March delivery rose by 2 cents and finished nearly unchanged at $56.10 per barrel.

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

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