Oil prices jump more than 2 percent

2023-05-08 19:30:44

Oil prices rose more than 2 percent as fears of a recession faded in the United States, while some traders saw that the three-week drop in crude oil due to demand fears was exaggerated.

Brent crude rose at the settlement by $1.71, or 2.3 percent, to $77.01. US West Texas Intermediate crude rose $1.82, or 2.6 percent, to $73.16.



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