Just in: Brent Oil surges 10% trading at $27.29 per barrel

Brent crude oil went up by almost 10% on Thursday, putting it on track for its best day on record, taking back more than half of the losses from Wednesday’s plunge.

U.S. West Texas Intermediate crude rose 21.4%, or $4.36, to trade at $24.73 per barrel.  Brent Crude Oil jumped 9.5%, or $2.37, to trade at $27.29 per barrel.

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