DOW and OIL surge ahead !!!!26 Dec 2018 17:35
Dow surges over 500 pts as rebound continues
Crude extends gains, WTI surges close to 6%
Prices of oil futures continued their ascent on Wednesday, after a plunge ahead of the Christmas break, as global markets experience volatility following an interest rate hike in the United States last week and the government shutdown that ensued on Friday. On Christmas Day, Russia's Energy Minister Alexander Novak stated that he expects the oil market to stabilize by summer.
The price of West Texas Intermediate deliveries for February increased by 5.93% at 5:59 pm CET, to $44.89 per barrel, while the price of International Benchmark Brent deliveries for the same month was up 4.72% at the same time, to $52.87 per barrel.