High oil prices

High oil prices

12/14/2020 12:44:22

High oil prices{International: Al Furat News} Oil prices witnessed, on Monday, a new high, to cross the $ 50 barrier, at a time when gold prices recorded a decline after the arrival of the first shipment of Corona vaccines to the United States.
Today (December 14, 2020) Brent crude increased by 1.7%, to record $ 50.61 a barrel, while the American mediator rose 1.03% to $ 47.15.

At the same time, gold prices fell with the rise of high-risk assets due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States.

The spot price of gold fell 0.3% to $ 1833.21 an ounce, while US gold futures contracts also fell 0.3% to $ 1838.10.

On Sunday, the first shipments of the Coronavirus vaccine began from Pfizer and Biontech in the United States, which raised Asian stocks. But gold losses are capped by reports of a $ 908 billion rescue plan that could be approved today after a senior Democratic lawmaker said his party might be ready to compromise.