Posted by: Market Watch in Market Information 19 minutes in the past Oil futures rose on Tuesday to put up a second straight acquire, disco
Oil futures rose on Tuesday to put up a second straight acquire, discovering help because the rollout of a U.S. COVID-19 vaccine helped ease considerations about weak power demand. Indicators of stronger demand from China have additionally contributed to grease’s rise, in accordance with Phil Flynn, senior market analyst at The Worth Futures Group. China’s oil refiners processed a file 14.26 million barrels a day in November, up about 455,000 barrels per day 12 months on 12 months, stated Flynn, citing information reported by Bloomberg. Refinery runs held above the 14 million barrel-per-day mark for a sixth consecutive month, he stated. January West Texas Intermediate crude rose 63 cents, or 1.3%, to settle at $47.62 a barrel on the New York Mercantile Alternate. Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
Learn Full Story
