Oil Prices surge 16% in the last two trading sessions

April 03, 2020 03:58 AM BST | By Team Kalkine Media

  • After US President Donald Trump announced that the oil price war between Russia and Saudi would be resolved soon, crude oil prices in the international market have rallied significantly. International oil benchmark, Brent Oil surged approximately 8.8% in the last day trading and at the time of writing at 02:14 PM GMT (2 April 2020), Brent Oil price hovered near US$ 27/bbl, up ~ 8.1%. After four consecutive days of sharp decline, Brent oil garnered 16% gain in the last two trading sessions.

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