Open Demo Account
Home / Market Update / Commodities / Oil Futures Recovery Losses and Finish Higher

Oil Futures Recovery Losses and Finish Higher

M. Ali 28 July, 2020 12:10 am Commodities, Market Update

Oil prices increased on Monday, recovering from losses earlier in the session, amid hoped for improved demand on the back of a new stimulus package, which is set to be approved by the US Congress soon.

The West Texas Intermediate (WTI) futures for September delivery settled higher by 31 cents at $41.60 per barrel.

Meanwhile, Brent crude futures rose by 7 cents to settle at $43.41 a barrel.

Tags

Check Also

Gold Stuck in Tight Range as Iran Strikes Reignite Inflation Fears: PCE Data Could Seal the Deal on Rate Hikes

Key Takeaways Gold falls: Spot gold dropped 0.4% to $4,438.92 per ounce, while gold futures …

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