Open Demo Account
Home / Market Update / Commodities / Oil Logs Seventh Weekly Gains in Row

Oil Logs Seventh Weekly Gains in Row

M. Ali 19 December, 2020 3:33 am Commodities, Market Update

Oil prices closed higher on Friday, reaching their best finishing level since February.

Brent crude futures for February delivery rose by 76 cents, or 1.5%, to settle at $52.26 per barrel.

This is the highest closing level for the global benchmark most active futures since February 26.

For the week, Brent futures gained 4.6% in its seventh consecutive weekly rise.

Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery added 74 cents, or 1.5%, to finish at $49.10 per barrel, rising by 5.4% for the week.

Tags

Check Also

Pound Sterling Climbs Amid Trade War Tensions and BoE Rate Cut Expectations

The Pound Sterling (GBP) is riding a wave of strength, climbing to near 1.3390 against …

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