WTI crude jumps in recovery session after hitting 17-month low
Crude-oil futures snapped back some 8% on Wednesday after closing the pre-Christmas session at their lowest since July 2017. Risk-asset market gains, including stock gains, and comments on improved stability for global supplies in 2019 by Russia's top energy official supported prices. February West Texas Intermediate gained $4.69, or 8.6%, to $46.22 a barrel on the New York Mercantile Exchange. The U.S. benchmark on Monday finished at the lowest for a front-month contract since July 21, 2017.
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