Crude oil futures rise sharply as end to price war looks promising
Statements by Trump and Putin bolster prices, but some analysts say it’s too soon to be optimistic
02 April 2020 - 09:23
Singapore — Crude oil futures surged on Thursday after US President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to “challenging” oil markets.
Brent crude futures rose 5.9%, or $1.46, to $26.20 as of 4.18am GMT, while US West Texas Intermediate (WTI) crude futures were up 4.6% or 94c, at $21.25...
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