Oil posts biggest daily gain since June

Thursday 1442/1/29 - 2020/09/17
  • Share on Google+

Washington, September 16, 2020, SPA -- Oil on Wednesday posted its biggest daily gain since June, following a drop in U.S. crude and gasoline inventories and as Hurricane Sally forced some U.S. offshore production to shut.
West Texas Intermediate (WTI) crude futures surged $1.88, or 4.9 percent, to $40.16. November Brent, the global benchmark, added $1.69, or 4.2%, to $42.22 a barrel on ICE Futures Europe.
--SPA
03:01 LOCAL TIME 00:01 GMT
0029