Crude Oil Price Update

12 Feb 2020
Crude Oil Price Updates

(as of publishing time)

Oil rose to more than $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy destruction of oil demand.

Brent crude was up $1.27 at $54.44 a barrel by 1433 GMT, having dropped on Monday to its lowest since January last year at $53.11. U.S. West Texas Intermediate crude was up $1.09 at $50.66.

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