Open Demo Account
Home / Market Update / Commodities / Oil Prices Rise on Storm Zeta News

Oil Prices Rise on Storm Zeta News

M. Ali 27 October, 2020 11:37 pm Commodities, Market Update

Oil prices rose on Tuesday as weather conditions are expected to once again affect production in the Gulf of Mexico,

On the other hand, a gloomy outlook for global demand amid another surge in COVID-19 cases limited crude gains.

Brent crude futures for December delivery increased by 74 cents, or 1.8%, and closed at $41.20 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for December delivery added $1.01, or 2.6%, to finish at $39.57 per barrel.

Tags

Check Also

Is It Time For Gold’s Political Throne In 2026?

The Sovereign Surge: November Recap: While market volatility shakes traditional assets, central banks are reinforcing …

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