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Brent Crude lost 7 cents in price in early morning trade

Syed Umarullah HussainiWeb Editor

27th Aug, 2020. 10:32 am
Oil Prices Keep Falling On Fears Over Worldwide Demand Amid Lockdown

Brent Crude lost 7 cents to $43.32 per barrel on Thursday.

According to the details, WTI Crude Oil (Light Sweet) price at NYMEХ Stock Exchange up by 0.02% to $43.37 per barrel.

The barrel is the unit of measurement of oil volume. One barrel equals to 159.98 liters.

On the other hand, the Shanghai Composite Index erased early losses, gaining 0.4% to 3,340.26, while the Nikkei 225 in Tokyo fell 0.5% to 23,186.61. Hong Kong’s Hang Seng lost 1.1% to 25,212.01.

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The Kospi in Seoul shed 0.6% to 2,355.57 while Australia’s S&P-ASX 200 advanced 0.4% to 6,140.60.

New Zealand and Jakarta gained while Singapore retreated.

The S&P 500 rose to 3,48.73. Tech stocks in the index accounted for more than 57% of its gain.

The Dow Jones Industrial Average rose 0.3% to 28,331.92. The Nasdaq composite, which is heavily weighted with technology stocks, climbed 1.7% to 11,665.06, its third-straight record high.

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