Sunday , May 16 2021


Oil gains 12% but ends the week down

Oil prices rise

Oil futures surged 12% on Friday, posting the biggest one-day gain since 2009, after the United Arab Emirates energy ministry said on Thursday that OPEC might be willing to cooperate on possible output cuts. WTI for March delivery rallied 12.3% to settle at $29.44 a barrel on the New York ...

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