WTI oil price rebounds
MG News | March 19, 2020 at 10:50 PM GMT+05:00
March 19, 2020: The price of benchmark WTI oil rebounded by more than 23 percent in trading Thursday on hopes that a slump in crude demand caused by the coronavirus pandemic can be curbed.
WTI, which shed around one quarter of its value Wednesday, surged 23.42 percent to $25.06 per barrel around 1535 GMT. Brent North Sea crude recovered 11.1 percent to $27.63.
AFP/APP
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