Monday, June 15, 2026
Oil jumps after three-day slump but virus and oversupply still weigh- oil and gas 360

Oil jumps after three-day slump but virus and oversupply still weigh

Reuters Oil prices bounced nearly 7% on Thursday after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia. Benchmark Brent, which has lost half its value in less than two weeks, got some respite as investors