Home / Market Update / Commodities / Oil Maintains Gains for Third Day

Oil Maintains Gains for Third Day

Oil prices rose on Thursday for the third consecutive session, supported by the recent OPEC+ agreement to curb output and the large drop in crude inventories in the United States.

Brent crude futures for March delivery closed higher by 8 cents, or 0.2%, at $54.38 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for February delivery added 20 cents, or 0.4%, to finish at $50.83 per barrel.

On Wednesday, both the global and the U.S. benchmarks recorded their highest closing level since last February.

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …