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Global crude oil futures have increased Blend of Brent 2.73 USD, or 4.7%, to settle at 61.30 USD per barrel.
United States West Texas Intermediate (WTI) crude oil futures were up $ 2.17, or 4.0%, to $ 57.10 per barrel.
This is the largest daily increase in crude Brent Since December, it has increased by 7.9%.
Since falling to its lowest level since August 7, Brent has gained 9% while increasing. American brut 12 percent.
The largest increase in crude oil prices in the United States over the past four days has pushed Brent West to mid-Texas to briefly return to its lowest level since March 2018.
Prior to the US announcement of tariff deferral, Brent's contracts were still down from about 20% to the highest level reached in 2019 in April.
In addition to easing concerns over the US-China trade war, badysts said oil prices were also supported by forecasts of lower US crude inventories last week.
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Futures contracts on Brent rose $ 2.73, or 4.7%, to $ 61.30 per barrel.
United States West Texas Intermediate (WTI) crude oil futures were up $ 2.17, or 4.0%, to $ 57.10 per barrel.
This is the largest percentage increase on a Brent day since December, when it jumped 7.9%.
Since falling to its lowest level since August 7, Brent rose 9% and US crude 12%.
The largest increase in crude oil prices in the United States over the past four days has pushed Brent West to mid-Texas to briefly return to its lowest level since March 2018.
Prior to the US announcement of tariff deferral, Brent's contracts were still down from about 20% to the highest level reached in 2019 in April.
In addition to easing concerns over the US-China trade war, badysts said oil prices were also supported by forecasts of lower US crude inventories last week.
