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Oil prices end higher as move toward U.S. stimulus package fuels optimism

Thursday, 26 March 2020 03:18 WIB

Minyak WTIMinyak MentahMinyak Brent

Oil futures ended higher Wednesday, giving up earlier declines as optimism surrounding the $2 trillion U.S. econonic stimulus package eventually helped to calm some worries about growing supply amid a price war between Saudi Arabia and Russia.

West Texas Intermediate crude for May tacked on 48 cents, or 2%, to settle at $24.49 a barrel on the New York Mercantile Exchange after trading as low as $22.91. May Brent crude the global benchmark, rose 24 cents, or 0.9%, at $27.39 a barrel on ICE Futures Europe.

Source : MarketWatch

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