After gaining the momentum the previous night, oil price once again fell flat in the early session of Tuesday. Reportedly, news regarding Donald Trump, the US prez returning to the office after battling COVID-19 sparked a jump in prices.
The WTI futures motioned up by 0.36 per cent to $41.50 at 4:09 AM GMT while the Brent oil futures spiked to $41.50, a jump of 0.51 per cent.
Oil was optimistic over Trump resuming White House duties with full effect after fighting the coronavirus. Although things went haywire on Tuesday morning due to assumptions of uneven demand and supply worries in the market. Also, the rise of flattening interests of investors caused the market to fall.