Oil prices rocket 10%, but it could be temporary, analysts warn
From April 1, about four-million bpd could flood the markets, potentially pushing down crude oil prices into the teens
19 March 2020 - 12:21
London — Oil prices rose nearly 10% on Thursday after a three-day sell-off drove them to their lowest levels in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.
Benchmark Brent, which has lost half its value in less than two weeks, was offered some respite as investors across financial markets assessed the effects of huge central bank stimulus...
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