Open Demo Account
Home / Market Update / Commodities / Oil Recovers from Earlier Losses and Finishes Higher

Oil Recovers from Earlier Losses and Finishes Higher

M. Ali 18 August, 2020 1:37 am Commodities, Market Update

Oil prices closed higher on Monday, after showing a mixed performance due to geopolitical risks and rising concerns about demand recovery.

The Brent crude futures for October delivery increased by 1.3% or 57 cents and settled at $45.37 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for September delivery closed higher by 2.1% or 88 cents at $42.89 per barrel.

Tags

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …

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