Oil Prices Rally With Equities After Christmas
- 5 years ago
According to CNN, oil prices rose sharply the day after Christmas, recovering its losses from Christmas Eve.
On the day for Dec. 26th, US crude oil rose by 8.7-percent, after falling nearly 7-percent two days before.
The gains for Dec. 26th also mark the best day for West Texas Intermediate crude oil since November, 2016.
But oil prices are still down more than 38-percent since they hit four-year highs back in October.
However the global benchmark for crude oil is trading near its lowest price since August, 2017.
On the day for Dec. 26th, US crude oil rose by 8.7-percent, after falling nearly 7-percent two days before.
The gains for Dec. 26th also mark the best day for West Texas Intermediate crude oil since November, 2016.
But oil prices are still down more than 38-percent since they hit four-year highs back in October.
However the global benchmark for crude oil is trading near its lowest price since August, 2017.