Open Demo Account
Home / Market Update / Commodities / Oil Settles at Highest Level in a Week

Oil Settles at Highest Level in a Week

M. Ali 4 November, 2020 1:05 am Commodities, Market Update

Oil prices rose on Tuesday to their highest level in a week on election day, on the hopes for a new stimulus package following the US elections and commitment from the OPEC+ to maintain output curbs.

Brent crude futures for January delivery gained 74 cents, or 1.9%, to close at $39.71 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for December delivery increased by 85 cents, or 2.3%, and settled at $37.66 per barrel.

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