Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view that crude’s recent price slide was overdone with three straight weekly declines for the first time since November, says an article published on Hellenicshippingnews.
Labour market strengthA healthy U.S. jobs report for April helped oil to climb by about 4% on Friday even though labour market strength could compel the Federal Reserve to keep interest rates higher for...
https://mfame.guru/oil-price-increases-by-3-as-recession-fears-fade/