Oil Market Sees Slight Gains, Resilient Sentiment

Light Sweet Crude oil prices surged on December 19th, with most contracts showing an upward trend. The February twenty-six contract closed at $56.50 per barrel, a $0.50 increase, while the January twenty-six contract finished at $56.65, up by $0.50. The December twenty-seven contract also saw a gain, closing at $57.93, a $0.33 increase. Despite a lower trading volume of around 170,000 barrels, the price increases suggest a stable market sentiment heading into the weekend.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.