Oil futures rally to end at more-than-8-month high
11/25/20 3:01 PM ET (MarketWatch)Print
Oil futures extended gains Wednesday, with the U.S. and global benchmarks ending at their highest level since March 5 for a second straight session as investors remained cheered by optimism over progress toward COVID-19 vaccines and data that showed a fall in U.S. crude inventories last week. West Texas Intermediate crude for January delivery rose 80 cents, or 1.8%, to end at $45.71 a barrel on the New York Mercantile Exchange. The global benchmark, January Brent crude advanced 75 cents per barrel, or 1.6%, to finish at $48.61 a barrel on ICE Futures Europe.
-William Watts; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 25, 2020 15:01 ET (20:01 GMT)
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