Open Demo Account
Home / Market Update / Commodities / Oil Maintains Rising Streak with Modest Gains

Oil Maintains Rising Streak with Modest Gains

M. Ali 12 November, 2020 2:04 am Commodities, Market Update

Oil prices rose slightly on Wednesday, to maintain their rising trend, since positive news about the success of a Coronavirus vaccine emerged.

In addition, a decline in US crude inventories supported crude prices.

Brent crude futures for January delivery rose by 19 cents, or 0.4%, to close at $43.80 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for December delivery finished higher by 9 cents, or 0.2%, at $41.45 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