Open Demo Account
Home / Market Update / Commodities / Oil Maintains Best Levels Since March

Oil Maintains Best Levels Since March

M. Ali 16 December, 2020 1:27 am Commodities, Market Update

Oil prices surged on Tuesday, to close at its highest level since March, amid rising optimism about the rollout of Coronavirus vaccines.

In addition, hopes for a new stimulus package in the United States helped support crude prices during the second session of the week.

Brent crude futures for February delivery gained 47 cents, or 0.9%, to close at $50.76 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery finished higher by 63 cents, or 1.3%, at $47.62 per barrel.

Tags

Check Also

China’s Central Bank Halts Treasury Bond Purchases Amid Currency Concerns

China’s central bank, the People’s Bank of China (PBOC), announced on Friday the suspension of …

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