Open Demo Account
Home / Market Update / Commodities / Oil Settles Lower for First Time in Four Days

Oil Settles Lower for First Time in Four Days

M. Ali 6 November, 2020 12:40 am Commodities, Market Update

Oil prices declined on Thursday, after rising for three consecutive sessions, amid growing concerns about the COVID-19 pandemic.

Brent crude futures for January delivery lost 30 cents, or 0.7%, to finish at $40.93 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for December delivery closed lower by 36 cents, or 0.9%, at $38.79 per barrel.

Tags

Check Also

Gold Under Pressure as CTA Selling Signals and Inflation Risks Weigh on Outlook

Gold is trading under pressure around $4,444 per ounce, slipping about 1% on the day, …

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