Oil Market Was On Hold, Gold Still Unsteady

In the face of doubt about the market and progression of the Covid-19 virus, oil ended in a distributed order. U.S. light crude WTI (Nymex’s February futures contract) gave up 0.3% to $52.61 a barrel, while North Sea Brent rose 0.1% to $55.91. Gold fell 0.2% to $1,850.90 for the February Futures contract on the […]

Oil Gaining Traction Upon Improving Global Scenarios, Gold Also Risen

Thanks to the latest US stimulus package, the continued recovery in China, and the increase of global vaccines in 2021, oil remains buoyed by expectations of a recovery in the global economy. U.S. light crude WTI won 0.7% to $53.35 a barrel for Nymex’s February futures contract, while North Sea Brent advanced 0.4% to $56.10. […]