Oil rebounds on back of ECB bond scheme


OIL prices rebounded strongly today, a day after US crude hit its lowest level in 18 years, as the European Central Bank (ECB) launched a bond-buying scheme to combat the coronavirus pandemic.

US benchmark West Texas Intermediate was up almost 17% at nearly US$24 (RM105) a barrel, a day after plunging 24%.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments