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Oil prices recovered from historic losses on Wednesday, with U.S. crude oil rising over 20% and Brent crude holding fast after a two-day price plunge. While Brent crude was traded at $19.37 a barrel, U.S. WTI crude climbed 18%, to $13.62 a barrel. Stephen Innes, Global markets strategist at AxiCorp said, “Global markets are struggling mightily with a temporary but overwhelming demand drop due to the coronavirus pandemic,”.
