Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

Oct. 22, 2020, 2:40 p.m. EDT

Oil futures end higher on signs of economic recovery and progress on a U.S. aid package

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

Oil futures finished higher on Thursday, with a fall in U.S. jobless claims boosting expectations for an economic recovery and progress toward another round of coronavirus aid among U.S. lawmakers helping to ease worries about energy demand. Meanwhile, Russian President Vladimir Putin said his country has not ruled out delaying OPEC+ production increases that are set to be implemented in January, Bloomberg News reported Thursday , providing further support for oil prices. December West Texas Intermediate crude rose 61 cents, or 1.5%, to settle at $40.64 a barrel on the New York Mercantile Exchange.

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.