Oil prices jump US$1 as sharp falls draw investors, bargain buyers

Tue, Mar 17, 2020 - 12:31 PM

Oil rose more than US$1 on Tuesday as bargain hunters emerged after recent sharp falls due to the coronavirus pandemic and the price war between Saudi Arabia and Russia, but fears of a recession still dragged on the market.

PHOTO: REUTERS

[SINGAPORE] Oil rose more than US$1 on Tuesday as bargain hunters emerged after recent sharp falls due to the coronavirus pandemic and the price war between Saudi Arabia and Russia, but fears of a recession still dragged on the market.

Brent crude was up by 1.8 per cent, or 55 cents, to...

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