Oil slips as demand worries offset hopes for stimulus - THEMARKETTRENDZ

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Monday, 28 September 2020

Oil slips as demand worries offset hopes for stimulus

U.S. West Texas Intermediate (WTI) crude futures slipped 17 cents, or 0.4%, to $40.43 at 0120 GMT, while Brent crude futures also fell 17 cents, or 0.4%, to $42.26 a barrel. Both benchmarks rose about 1% on Monday. Commodities markets had crept up in earlier trade as Democratic lawmakers unveiled a new $2.2 trillion coronavirus relief bill, which U.S. House of Representatives Speaker Nancy Pelosi said was a compromise measure.

from Commodities-Markets-Economic Times
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