Oil rally halted after three straight days of surge

  • Dec 27, 2019 GMT
  • Team Kalkine
  • After three consecutive days of rally, oil price cooled down in the Friday’s trading session (before the market close). The international crude oil benchmark Brent Oil traded 0.32% lower at $67.72/bbl and touched an intraday high of $68.26/bbl and an intraday low of $67.70/bbl. The American oil benchmark Crude West Intermediate Texas (WTI) traded 0.37% lower at $61.45/bbl and recorded an intraday high of $61.97/bbl and a low of $61.39/bbl, respectively (before the market close at 03:15 PM GMT).

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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