Home / Market Update / Commodities / Oil Posts First Gain in Four Days

Oil Posts First Gain in Four Days

Oil prices rose for the first time in four sessions, supported by expectations that the OPEC+ alliance will continue the current output cuts for longer than previously estimated.

Brent crude futures for January delivery rose by $1.03, or 2.7%, to close at $38.97 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for December delivery added $1.02, or 2.9%, to finish at $36.81 per barrel.

Check Also

Why Is Silver Soaring? The Jobs Report Holds Part of the Answer

Silver has been on a remarkable run, consolidating its position near a 14-year high. This …