Open Demo Account
Home / Market Update / Commodities / Oil Prices Decline Maintaining $40 Level

Oil Prices Decline Maintaining $40 Level

M. Ali 11 September, 2020 12:07 am Commodities, Market Update

Oil prices finished lower on Thursday after data showed a rise in US crude inventories, amid concerns about the outlook for global demand recovery.

Brent crude futures for November delivery declined by 73 cents, or 1.8%, and closed at $40.06 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for October delivery settled lower by 75 cents, or 2%, at $37.30 per barrel.

Tags

Check Also

Dollar Soars to New Highs as Fed Remains Hawkish, Sterling Retreats Further

The U.S. dollar continued its upward trajectory on Friday, reaching new highs as the Federal …

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