WTI price up more than 20%, trading at $16.6 per barrel

WTI price up more than 20%, trading at $16.6 per barrel
  • Clock-gray 21:03
  • calendar-gray 23 April 2020

West Texas Intermediate (WTI) crude rebounded on Thursday, gaining up to 20 percent in price, according to trade data, APA reports citing Sputnik. 

The pandemic and the strict quarantine measures introduced by numerous countries led to a crash of oil prices earlier this month, with WTI futures for May dropping below zero for the first time ever.

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