Tag
BRENT CRUDE
Crude oil prices were fired up for the seventh straight week leading to the longest winning streak since April 2019
Oil prices are presently cooling off on the bias of the $900 billion economic stimulus package lingering at the U.S Congress
Brent crude futures gained 0.92% to $51.55/barrel and West Texas Intermediate futures soared by 1% to trade at $48.30.
U.S. WTI crude futures dropped 0.6%, to trade at $46.63 a barrel while Brent crude slumped by 0.68%, to $49.96 a barrel.
Brent Crude traded ay $50.16/Barrel showing a gain of over 2%, while the WTI futures traded at $46.87/Barrel.
The market breadth index was negative with 21 losers against 13 gainers, as ARDOVA (-8.65%) led the laggards today.
Brent crude futures gained over 1%, as it was within striking distance of hitting the $50/barrel price mark after gaining around 1% on Thursday.
Brent crude futures prices were down by 0.3%, trading at $48.10/barrel after initially gaining 1.8%.
For the month of November, Brent gained 28%, its best month since a 95% jump in May from April’s lows.
Crude oil plunged, largely due to growing concerns amongst oil traders on what the outcome of the OPEC+ meeting will be.
Crude oil prices hit their highest price levels since March at the second trading session of the week.
Brent crude futures were up 1.1% and priced at $43.21 a barrel and West Texas Intermediate crude was priced at $40.66 a barrel, up by1.32%.