Oil climbs as hurricane shuts U.S. output, bouncing back from 5% slide overnight - THEMARKETTRENDZ

Post Top Ad

Wednesday, 28 October 2020

Oil climbs as hurricane shuts U.S. output, bouncing back from 5% slide overnight

U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.8%, to $37.68 a barrel at 0120 GMT, while Brent crude futures rose 25 cents, or 0.6%, to $39.37 a barrel. Signs of a growing global supply glut and a second wave in the coronavirus pandemic sent prices tumbling in the previous session, but market watchers said technical support levels were a factor in trading on Thursday.

from Commodities-Markets-Economic Times
Read The Rest:economictimes...

No comments:

Post a comment

Post Bottom Ad