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Oil prices climbs over hopes of slow growth in US crude glut
April 30, 2020
Source: Reuters

Oil prices climbs over hopes of slow growth in US crude glut

Oil prices climbed in the international market on Thursday, pushed up by the signs of slow growth in the U.S. crude glut and indications of a rise in demand. Benchmark Brent crude jumped 11.4% to $25.11 a barrel. U.S. WTI crude was traded 14.9% higher, at $17.30 a barrel. Sinopec today said that its daily sales of refined oil products were now over 90% of levels seen before the outbreak.

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