Oil futures rallied sharply Tuesday, pushing the U.S. benchmark to its highest shut for a most actively traded contract since March 5. West Texas Intermediated crude for January supply rose $1.85, or 4.3%, to finish at $44.91 a barrel on the New York Mercantile Alternate. Oil has been in rally mode since early November, rallying in keeping with equities as traders appeared to look previous rising COVID-19 circumstances within the U.S. and Europe, focusing as a substitute on progress towards a vaccine. Market Pulse Tales are Speedy-fire, quick information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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2020-11-24