Open Demo Account
Home / Market Update / Commodities / Oil Prices Close Higher on Output Halts

Oil Prices Close Higher on Output Halts

M. Ali 25 August, 2020 1:01 am Commodities, Market Update

Crude oil prices settled higher on Monday, after weather conditions in the Gulf of Mexico limited output volumes of oil and natural gas.

Brent crude futures for October delivery rose by 78 cents and finished at $45.13 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures closed higher by 28 cents at $42.62 per barrel.

Tags

Check Also

Oil Prices Slip Amid Trade Concerns, U.S. Tariff Uncertainty, and Potential Output Hikes

Oil prices experienced a slight dip on Thursday, following a 3% gain in the previous …

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