4 reasons oil scored its best one-day gain in 7 years

13 February 2016, 23:12
Francis Dogbe
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Oil futures soared on Friday. West Texas Intermediate crude registered its best one-day percentage gain in about seven years. On Friday, WTI crude for March delivery CLH6, +10.72% jumped by $3.23, or 12.3%, to settle at $29.44 a barrel on the New York Mercantile Exchange, rebounding from a nearly 13-year low a day earlier. Prices, based on the most-active contracts, haven’t settled with percentage gain that high since January of 2009, according to FactSet data. April Brent crude LCOJ6, +8.62% also gained $3.30, or 11%, to end at......
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