03.09.2015 - Oil stages turnaround to top $46 a barrel
Oil futures staged an intraday U-turn Wednesday, lifting U.S. prices back above $46 a barrel with analysts attributing the bounce to traders considering the details of the latest weekly U.S. petroleum supply reports and technical trading. The reversal exemplified the extreme volatility the market has seen in recent days. A massive three-day streak of gains, which lifted West Texas Intermediate crude prices by more than 27% ended Tuesday with a loss of 7.7% as worries about China’s economy resurfaced...............................................Full Article: Source
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