Oil price rises by record amount in a single day

mattWholesale Utilities Markets

The $16 rise takes the price to $120.92 a barrel, the biggest one-day gain on record. This is thought to be due to investors switching to perceived safe havens such as oil, as well as uncertainty about how the government’s financial plan will work. Many think that the US government’s bail-out plan will help the economy, increasing demand for oil. … Read More