Crude oil prices were lower on Thursday as US dollar rose to the highest level since the end of July, and amid concerns over demand as coronavirus cases continue to increase in parts of the world.
US Federal Reserve officials expressed concerns about the speed of recovery of the country’s economy from the coronavirus pandemic. Meanwhile, the UK and Germany imposed fresh restrictions to curb a rise in coronavirus infections.
In terms of trading, Brent crude was down 0.3% at $41.63 a barrel, at 8.55 am Makkah time.
Meanwhile, US West Texas Intermediate (WTI) crude futures fell 0.5% to $39.73 a barrel.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}