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U.S. oil reverses losses, posts largest one-day gain on record

FILE PHOTO: Pump jacks operate at sunset in Midland
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NEW YORK (Reuters) - U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year lows.Analysts saw the rebound as a brief reprieve, anticipating additional weakness as the coronavirus outbreak takes its toll on global demand. U.S. crude and global benchmark Brent have both lost..
Date Published: Mar 19, 2020
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