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

Oil Posts First Gain in Four Days

M. Ali 3 November, 2020 1:06 am Commodities, Market Update

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.

Tags

Check Also

US Dollar Pressure Before and After Trump’s Davos Remarks

US traders are closely monitoring the Federal Reserve’s looming rate decision, despite ongoing headlines about …

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