BUSINESS US oil prices jump after massive rout

BUSINESS

US oil prices jump after massive rout

AFP

09:02, April 22, 2020

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A truck drives past an oil storage facility next to the Phillip 66 oil refinery on April 21, 2020 in Houston, Texas. (Photo: AFP)

US oil prices surged Wednesday after a turbulent start to the week that saw them fall below zero for the first time due to a coronavirus-triggered demand shock.

US benchmark West Texas Intermediate for June delivery rose 18.93 percent to $13.76 a barrel, after suffering heavy falls in New York overnight.


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