Oil prices advance on final day of 2020


NEW YORK, Dec. 31 (Xinhua) -- Oil prices finished higher on Thursday, but suffered massive losses for the year, as pandemic-induced lockdowns and mobility restrictions hammered fuel demand.

The West Texas Intermediate for February delivery added 12 cents to settle at 48.52 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased 17 cents to close at 51.80 dollars a barrel on the London ICE Futures Exchange.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Russian strikes kill six in Ukraine's Balakliia, Sumy, officials say
Vietnam's top leader To Lam to visit Australia, New Zealand to strengthen partnerships
South Korea's president orders all-out response to heatwave
Former Bangladesh cricket captain Shakib's home attacked after Hasina media event
Mexican jalapenos tied to Salmonella outbreak in 27 US states
New Zealand PM Luxon open to referendum on electoral system
Indonesia’s salt fields bloom under drought from El Ni�o’s baking heat
Soccer-Infantino and FIFA present united front after crisis meeting over stake sale fallout
Guatemala reports decline in Fuego volcano activity
Faced with a teleprompter glitch, Canada's Carney mocks Trump

Others Also Read