# Oil Prices for Nov. 10, 2020: Brent Crude, WTI - Bloomberg

> Brent futures in London climbed 2.9% to their highest since early September after encouraging vaccine trial results. Oil extended gains after an industry-funded report showed U.S. crude inventories fell by 5.15 million barrels last week, with gasoline and distillate stocks also down.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11794-oil-prices-for-nov-10-2020-brent-crude-wti-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower US crude and fuel inventories tighten near-term supply, supporting prices, though the move mainly extends the prior session's vaccine rally.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-11-09/oil-rally-loses-shine-as-virus-surge-offsets-vaccine-optimism

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.