• Oil jumps nearly 6% on stimulus hopes, Norway production shutdowns

    6 Oct 2020 | Economic News

·      Oil jumps nearly 6% on stimulus hopes, Norway production shutdowns


Oil prices surged more than 5% on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike.

Brent crude rose $2.30, or 5.9%, to $41.57 a barrel. West Texas Intermediate crude gained $2.17, or 5.9%, to settle at $39.22 per barrel.


Reference: CNBC


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