Open Demo Account
Home / Market Update / Commodities / Oil Rises by More than 5%

Oil Rises by More than 5%

M. Ali 6 October, 2020 12:00 am Commodities, Market Update

Oil prices surged on Monday, recovering most of its losses last week, supported by an improved risk appetite after positive news about the health of US President Donald Trump.

Brent crude futures for December delivery closed higher by $2.02, or 5.1%, at $41.29 per barrel, after four consecutive daily declines.

Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery added $2.17, or 5.9%, and finished at $39.22 per barrel, registering its first rise in three sessions.

Tags

Check Also

Oil Slips as Markets Weigh U.S.–Russia Peace Talks and Ongoing Supply Risks

Oil prices edged lower in Asian trading on Wednesday, extending losses from the previous session …

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