Crude oil futures ended lower on Thursday as rising coronavirus cases in the U.S. and Europe and imposition of fresh lockdown measures at several places raised concerns about energy demand.

Despite positive updates on the vaccine front, with Pfizer, Moderna and AstraZeneca all saying their Covid-19 vaccines are proving to be quite successful during the final phase of trials, there are worries about the pandemic due to continued increase in new cases.

The continued impasse over a fiscal stimulus bill is hurting as well.

West Texas Intermediate Crude oil futures for December ended down $0.08 or about 0.2% at $41.74 a barrel.

New York City public schools are closing and returning to remote learning for all 1.1 million students, signaling that a second wave of the coronavirus has arrived.

Minnesota Gov. Tim Walz announced a month-long stop to social gatherings, gyms and indoor service at bars and restaurants as the virus spread spiked to a record high.

U.S. land borders with Canada and Mexico are expected to remain closed to non-essential travel until Dec. 21 amid a rising number of U.S. coronavirus cases.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.