November U.S. West Texas Intermediate (WTI) crude futures settled at US$41.46 a barrel, up 63 cents, or 1.54%. The more active December contract settled at $41.70, gaining 64 cents. Brent crude futures for December delivery settled at $43.16 a barrel, rising 54 cents, or 1.27%.
NEW YORK: Oil price gained more than 1% on Tuesday on the prospect the United States was nearing a deal on coronavirus relief, but the threat to demand from rising COVID-19 cases worldwide and increased Libyan output kept prices from moving higher.
November U.S. West Texas Intermediate (WTI) crude futures settled at US$41.46 a barrel, up 63 cents, or 1.54%. The more active December contract settled at $41.70, gaining 64 cents.
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