Crude Oil Price Update

12 May 2020
Crude Oil Price Updates

(as of publishing time)

 

Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a global deal to cut crude supply worldwide will emerge early next week.
 
U.S. West Texas Intermediate (WTI) crude   rose $3.02, or 11.93% to settle at $28.34 a barrel. The contract posted a 31.8% gain on the week, also its largest on record.

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