Brent keeps gains, eyes weekly profit

2020-11-20 21:32:26 GMT (Economies.com)
Brent keeps gains, eyes weekly profit

Oil prices rose on Friday, but the US crude trimmed its early gains, while Brent kept rising.

 

Leaders of the Republican and Democratic parties resumed negotiations about the second Covid fiscal stimulus package.

 

However, US Treasury Secretary Steven Mnuchin said that his team is looking to end several support programs that were aimed at small and medium businesses.

 

Baker Hughes will report later today the count of US oil and natural gas rigs for this week.

 

The dollar index rose against a basket of major currencies by 0.1% to 92.4 points as of 17:46 GMT, after hitting a high of 92.4 points and a low of 92.2 points.

 

WTI crude December futures rose 0.1% to $41.7 a barrel, after hitting a high of $42.1 and a low of $41.5.

 

Brent January futures rose 0.7% to $44.5 a barrel, after hitting a high of $44.7 and a low of $44.05.

 
 
 
  Symbol Last Change Chg.%
1.1924
0.0030
0.2526%
1.3324
-0.0059
0.4397%
Tadawul
8693.47
65.41
0.76%
23.198
-0.847
3.522%
45.425
2.600
6.071%
48.14
0.36
0.75%
1806.520
-59.990
3.214%
 
 
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