Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6514
    +0.0014 (+0.22%)
     
  • OIL

    82.94
    +0.13 (+0.16%)
     
  • GOLD

    2,330.50
    -7.90 (-0.34%)
     
  • Bitcoin AUD

    98,701.64
    -3,555.25 (-3.48%)
     
  • CMC Crypto 200

    1,389.62
    +7.04 (+0.51%)
     
  • AUD/EUR

    0.6076
    +0.0006 (+0.10%)
     
  • AUD/NZD

    1.0954
    +0.0012 (+0.11%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,207.41
    +6.14 (+0.04%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

US crude oil soars 8.8% to $49.20 a barrel

US crude oil closed nearly nine percent higher as the government lowered its domestic crude production estimate and OPEC signaled concern about multi-year low prices

US crude oil closed nearly nine percent higher Monday as the government lowered its domestic crude production estimate and OPEC signaled concern about multi-year low prices.

US benchmark West Texas Intermediate for October delivery jumped $3.98 (8.8 percent) to $49.20 a barrel on the New York Mercantile Exchange. It had rebounded more than 11 percent over the five previous sessions, its biggest increase in four and a half years.