Open Demo Account
Home / Market Update / Commodities / WTI Hits Fresh Eight-Month High

WTI Hits Fresh Eight-Month High

M. Ali 10 December, 2020 9:29 pm Commodities, Market Update

The West Texas Intermediate (WTI) crude futures rose during Thursday’s trade to their highest level in about eight months, since early March.

WTI is up by 3.84% or $1.75, trading at $47.27 a barrel.

A recent agreement between members of the OPEC+ alliance to raise output by much less than previously expected is providing support for crude prices.

The US benchmark crude futures declined on Wednesday after the EIA weekly report showed a surprise build up in oil stockpiles.

Tags

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …

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