Download
Download by
Scanning QR Code
  • Download app

    Download app

  • Online Inquiry

    Log in to access Online Inquiry
+
Congratulations
You've successfully got advanced quotes worth 5000 HKD
Download APP >>

On Monday, U.S. oil closed up 5.6%. Cloth oil rose 5.5%, the biggest daily increase in five months.

新浪財經 ·  {{timeTz}}

In the early morning of the 24th Beijing time, crude oil futures closed higher on Monday, the biggest one-day percentage increase since March. Crude oil futures closed last week at their lowest close in three months as investors worried that the continued spread of the new Guandelta mutant would weaken demand for crude oil.

Naeem Aslam, chief market analyst at AvaTrade, said: "crude oil is oversold and is simply sold cheaply. Bargain hunters are in a hurry to sweep goods, which pushes up the price of crude oil futures. "

The US Food and Drug Administration (FDA) fully approved a COVID-19 vaccine for the first time on Monday, making the market more optimistic about the prospect of reopening the economy. Partly driven by this, crude oil futures prices rose.

Gold futures for October delivery on the New York Mercantile Exchange rose $3.50, or 5.6%, to close at $65.64 a barrel. Last week, WTI crude oil futures closed down 8.9%.

European Intercontinental Exchange IncBrent crude for October delivery rose $3.57, or 5.5%, to close at $68.75 a barrel. Brent crude tumbled last week to its lowest closing price since May.

According to Dow Jones,According to market data, both WTI crude oil and ICE Brent crude oil ended their seven-day decline on Monday and posted their biggest one-day percentage gains since March 24.

This page is machine-translated. Futubull tries to improve but do not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.

Risk disclosure: The above content only represents the opinion of the authors or guests, and does not represent any positions of Futu or constitute any investment advice on the part of Futu. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers where necessary. Futu makes every effort to verify the authenticity, accuracy, and originality of the above content, but does not make any guarantees or promises.

Back to the Top