Macroeconomy/Finance

Oil prices rose: WTI to $25.22 and Brent to $28.47

Oil prices rose 24%, recovering part of the losses suffered from a liquidation that brought the barrel to its lowest levels in almost 20 years. The West Texas Intermediate (WTI) rose $4.85, to $25.22 a barrel, after having lost nearly 25% in the previous round. The Brent gained $3.59, up 14.4%, to $28.47 a barrel, after sinking to $24.52. With these substantial rises, the papers of the oil company YPF resurfaced on Wall Street and climbed 18.7% to $3.05 per share. Analysts said that the rebound would have more declines due to the impact of the coronavirus outbreak on demand.

Source: Ámbito

Categories: Macroeconomy/Finance