Oil prices up 4% on hopes to economic stimulus
Saudi Arabia is to boost April supply to 12.3-million bpd and Russia has not ruled out joint measures with Opec later in the year
10 March 2020 - 13:09
London — Oil prices jumped by about 4% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, though a looming price war weighed on sentiment.
US President Donald Trump on Monday said he will be taking “major” steps to gird the US economy against the impact of the spreading coronavirus outbreak, while Japan’s government plans to spend more than $4bn in a second package of steps to cope with the virus...
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