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Brent oil hits 50 for first time in 9 months

December 10, 2020 11:16 PM


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The price of Brent oil, the main international oil contract, hit $50 for the first time in nine months Thursday on greater economic confidence as the roll out of Covid-19 vaccines gets underway.

Amound 1445 GMT the price of Brent for February delivery was up by 2.4 percent to $50.05.

Meanwhile, the main US contract, WTI for January delivery, hit its highest level since March 5 at $46.71.

 

 



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