Crude oil gained today following previous losses. As most other commodities, crude rallied with the help of the declining US dollar.
Earlier, prices for oil were falling following comments of Kuwait’s Oil Minister Ali
Market analysts are still having concerns about possible drop to new lows. Some say that prices may decline below the $40 mark.
April futures for WTI crude oil surged as much as 4 percent to $45.72 per barrel on NYMEX. May contract for Brent crude advanced 1.49 percent to $55.24 per barrel on ICE.
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