Oil prices climb amid demand hopes


  • World
  • Wednesday, 22 Jul 2020

NEW YORK, July 21 (Xinhua) -- Oil prices gained on Tuesday as market sentiment was lifted after the European Union reached a deal on a massive coronavirus aid package.

The West Texas Intermediate (WTI) for August delivery increased 1.15 U.S. dollars to settle at 41.96 dollars a barrel on the New York Mercantile Exchange on its expiration day. September WTI crude, the more active new front-month contract, was up 1 dollar to settle at 41.92 dollars a barrel.

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