Oil prices further advanced away this morning during the Asian hours from an 18-year low after Washington declared that the President was prepared to intercede in the market.
Now, oil trades at $27.82, which is an addition of $2.87 or 11.49% from the previous close of $ 24.95.
The daily range is from $24.95 to 28.20, while the trading volume is 417.811K.
Moreover, oil prices in North America jumped more than 24%, the largest-ever percentage gain, after Trump’s comments.
In addition, Reuters announced that Trump discussed the situation with the oil prices with Saudi Arabian Crown Prince Mohammed bin Salman during a March 9 call.
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