(Bloomberg) -- Oil futures in New York jumped as much as 11% as traders try to get a handle on violent price swings that have rocked the petroleum industry.
West Texas Intermediate for April delivery rose as much as $2.27 a barrel to $22.64 shortly after trading opened Thursday in Asia. The contract fell 24% on Wednesday. It expires at the end of trading Friday, presaging more volatility until then.
For more articles like this, please visit us at bloomberg.com
Subscribe now to stay ahead with the most trusted business news source.
©2020 Bloomberg L.P.