Crude Leaps 25% on Hopes for an End to Price War

Must Read

Tiger in Bronx Zoo Tests Positive for Coronavirus After Developing Dry Cough

A tiger at the Bronx Zoo in New York has tested positive for the new coronavirus in what is...

Streets of Rage 4 is coming out in 2020, April 30,

Streets of Rage 4, the principal new Streets of Rage to go along in over 25 years (blessed cow),...

Windows 10 update 1903 Released – KB4556799

Windows 10 update 1903 (KB4556799): Patch Tuesday updates are presently turning out to every single supported version of Windows 10. Like...

Saudis Explore Ways to Resolve Oil-Price War

Saudi Arabia is willing to consider massive oil-supply curbs as long as other nations join the effort, according to...

Groupon’s CEO, Chief Operating Officer Both Step Down

Chicago-based Groupon connects consumers with local merchants by offering discounts. Photo: Andrew Harrer/Bloomberg NEWS By Maria Armental March 25, 2020 5:38 pm ET Groupon...

U.S. oil prices jumped 25% Thursday in their biggest one-day rally on record, lifted by investors’ hopes that initial steps to end a global price war will offer a reprieve to an industry battered by coronavirus.

The gains capped a wild day of trading, in which an early climb accelerated after President Trump tweeted that he expected Russia and Saudi Arabia to agree to cut production by millions of barrels a day. Prices then soared as much as 35% before turning lower after the Kremlin denied talking to the Saudis.

Join Wall Street Journal For Just $1
Credit: WSJ.com: Markets

------ Search with Google ------
- Advertisement -

Popular




Stanley Ho, The Macau Casino King passes away at 98

Gaming mogul Stanley Ho Hung-sun has passed away this afternoon at about 1:00 pm, Hong Kong media reported. Ho had been under medical care for...

Yes Bank shares rally 10% after #39;raising Rs 3,500 crore#39;

The share price of Yes Bank gained 10 percent intraday on April 1 after reports said that the private lender had raised Rs 3,500...




More Articles Like This