Open Demo Account
Home / Market Update / Commodities / Oil Prices Register Weekly Rise

Oil Prices Register Weekly Rise

M. Ali 19 September, 2020 1:22 am Commodities, Market Update

Oil prices showed a mixed performance on Friday amid concerns over demand outlook and output disruptions, especially in North America.

Crude prices also received support from recent remarks reiterating the commitment of OPEC+ to restoring market balance.

Brent crude futures for November delivery decreased by 15 cents, or 0.4%, to finish at $43.15 per barrel, but surged by 8.3% for the week.

Meanwhile, the West Texas Intermediate (WTI) crude futures for October delivery rose by 14 cents, or 0.3%, and settled at $41.11 per barrel, rising by a little more than 10% for the week.

Tags

Check Also

May Inflation Cools, Raising Hopes for Fed Rate Cuts

U.S. inflation eased in May, matching economists’ expectations and potentially bolstering the case for the …

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