Oil shows gains following biggest one-day decline since start of Gulf War

FAN Editor

Oil prices rebounded on Tuesday following a day that saw oil plummet 25 percent.

Continue Reading Below

The bounce came, along with stock futures after President Trump on Monday said he will be taking “major” steps to help the U.S. economy against the impact of the coronavirus.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Oil dropped to start the week as a price war started between Russia and Saudi Arabia.

Currently, benchmark U.S. crude is gaining 4.6 percent, or $1.45, to $32.57 per barrel in electronic trading on the New York Mercantile Exchange. It lost 25 percent on Monday to $31.13 per barrel.

Brent crude, the standard for international oil prices, is up 4.7 percent, or $1.63 to $35.99 per barrel in London.

CLICK HERE TO READ MORE ON FOX BUSINESS

Oil prices plunged on Monday to the lowest since February 2016 and was the biggest one-day percentage declines since Jan. 17, 1991, at the start of the Gulf War.

The Associated Press contributed to this article.

Free America Network Articles

Leave a Reply

Next Post

Investigator: Body had 'exact clothing' as missing toddler

An investigator has revealed new details about the discovery of a child’s body on property belonging to relatives of a Tennessee woman whose daughter went missing By The Associated Press March 10, 2020, 6:21 AM 2 min read BLOUNTVILLE, Tenn. — An investigator revealed new details about the discovery of […]

You May Like