Open Demo Account
Home / Market Update / Commodities / Oil Settles Higher on Strong Economic Data

Oil Settles Higher on Strong Economic Data

M. Ali 2 September, 2020 1:11 am Commodities, Market Update

Oil prices closed Tuesday higher as positive data for the manufacturing sector in the United States and Canada improved the energy demand outlook.

The global benchmark Brent crude futures for November delivery finished higher by 30 cents, or 0.7%, at $45.58 per barrel.

Meanwhile, the US West Texas Intermediate (WTI) crude futures for October delivery added 15 cents, or 0.4%, to close at $42.76 per barrel.

Tags

Check Also

U.S. Treasury Yields Slide Amid Speculation of Foreign Sell-Offs

On Tuesday, April 15, 2025, U.S. Treasury yields experienced a notable decline, reflecting heightened volatility …

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