Brent crude trades near $55, WTI declines

19/01/2021 Argaam

Oil prices were mixed on Tuesday as investors eyed developments regarding global economic growth and the coronavirus pandemic.

 

Coronavirus cases crossed 95.5 million, with deaths at 2 million globally. Meanwhile, China implemented lockdown measures to check the rise in infections.

 

In terms of trading, international benchmark Brent crude rose 0.4% to $54.98 per barrel, at 9 am Makkah time.

 

WTI crude fell 0.3% to $52.18 a barrel.

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