March 31, 2020 1:23 PM
COVID19: Oil prices rebound strongly from 18-year lows
A day after falling to an 18-year low, oil prices rebounded strongly in Asian trade today. The growth was attributed to the investors' confidence returning following moves by policymakers to support the coronavirus-hit global economy. The investors focused on stimulus measures rolled out by governments worldwide to support the virus-ravaged global economy, including a 2 trillion Dollars package in the US. US benchmark West Texas Intermediate (WTI) jumped 7.3 percent to 21.5 US Dolla...