US crude rises near $40 anew

2020-06-29 20:30:46 GMT (Economies.com)
US crude rises near $40 anew

Oil prices rose today as risk appetite improves while investors shrug off the spiking numbers of Covid 19 infections. 

 

Reuters reported that OPEC cut output in June in accordance with the deal to cut output in cooperation with other producers. 

 

There has been increased commitment to the deal this month compared to May, bolstering prices. 

 

The dollar index rose 0.2% to 97.6 as of 18:00 GMT, marking a session-high at 97.6. 

 

US West Texas rose 3.1% to $39.6 a barrel, with an intraday high at $39.7. 

 

Brent gained 1.8% to $41.87 a barrel, marking a session-high at $41.9 a barrel. 

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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