Open Demo Account
Home / Market Update / Commodities / Oil Settles Lower by 1%

Oil Settles Lower by 1%

M. Ali 14 July, 2020 12:38 am Commodities, Market Update

Oil prices declined on Monday as the rising number of COVID-19 cases are leading to concerns regarding demand recovery.

Brent crude futures settled higher by 1.2% at $42.72 per barrel, while the US benchmark crude oil, West Texas Intermediate (WTI), futures closed down by 1.1% to $40.10 per barrel.

An OPEC meeting is set to discuss the future of the expiring output cuts, which are expected to be extended once more.

Tags

Check Also

European stocks decline amid mixed corporate profits

European stocks fell on Thursday after mixed earnings from major companies such as Nestle and …

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