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Brent oil becomes most profitable investment in Nov.

Increase font size  Decrease font size Date:2020-12-16   Views:275

  Brent oil turned out to be a better investment than natural gas in November this year, according to the data compiled by Anadolu Agency on Wednesday.



  Among the most-traded 18 products in the commodity market, 14 products brought gains to their investors but the prices of four others fell.



  Brent oil yielded a 25.9% monthly return on investment while natural gas recorded the biggest loss among other commodities with a 16.9% fall in November.



  The price of Brent was also supported by expectations of a possible extension of the production cuts by the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+.



  Investors trading natural gas gained 31.7% from January to November in 2020 while Brent oil recorded the sharpest fall with 28.5% over the same period.


 
 
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