(Bloomberg) — Extreme volatility in the oil market continued in Asia on Thursday amid an unprecedented global demand shock brought on by the coronavirus, with the market recovering some of the previous day’s losses.Futures in New York rose as much as 14%, the most since September, following a 24% rout in the previous session. The market crash had deepened after Saudi Arabia pledged to pump flat out for months to come, even as analysts ratchet down their forecasts for global demand this year. So far, neither the Saudis nor Russia have blinked since failed talks earlier this month to further …read more
Source:: Yahoo Finance
