Oil Hovers at 5-Month High

Oil prices were little changed at 5-month highs on Thursday, as investors weighed a resurgence in COVID-19 infections in some places around the globe that could slow a recovery in fuel demand against a fall in the US dollar and the prospect of a fresh stimulus in the US.

WTI crude fell 0.2% to $42.1 a barrel, while Brent crude rose 0.1% to $45.2 a barrel during early European trading.

The the price of OPEC basket of thirteen crudes stood $44.27 a barrel on Wednesday, compared with $44.02 the previous day, according to the OPEC Secretariat calculations.


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