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Oil Rises On Inauguration Day As Markets Eye Big Stimulus Act

Author: External Author | | Categories: Oilfield Service Company , Oilfield Services

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Oil prices rose for a second consecutive day on Wednesday, as the market expects the incoming U.S. Administration to “act big” in the next COVID relief package.  

As of 9:17 a.m. ET on Wednesday, which is Inauguration Day for President-elect Joe Biden, WTI Crude was up 1.53 percent at $53.77, and Brent Crude prices were trading above $56 a barrel—up by 1.16 percent at $56.52, very close to the 11-month high prices hit last week.

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Original Article Source Credits:   Oil Price , https://oilprice.com/

Article Written By:  Tsvetana Paraskova 

Original Article Posted on:  Jan 20, 2021

Link to Original Article:  https://oilprice.com/Energy/Oil-Prices/Oil-Rises-On-Inauguration-Day-As-Markets-Eye-Big-Stimulus-Act.html



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