Oil prices slip from two-month high

19/11/2020 Argaam

Oil prices declined during Asian trading on Thursday, erasing some of the gains from the previous session, amid rising COVID-19 cases and increased lockdown measures in US with New York City announcing schools closure.

 

Brent crude was trading down 0.6% at $ 44.08 a barrel, at 8.56 am Makkah time. The international benchmark settled at $44.34 at the close of previous session – the highest since September.

 

WTI crude for December delivery fell 0.8% to $41.48 a barrel. Declining from $41.82 at yesterday’s close, which was also the highest since September.

 

On the upside, the US crude inventories rose 768,000 barrels last week, according to data from Energy Information Administration.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read