finance

US Oil Futures Make a Comeback, Soaring High Despite Last Week’s 7% Plunge

US oil futures experienced a boost on Monday, growing by almost 3% in value. Part of the reason for this growth is the bullish US jobs data, which came in better than expected on Friday. Another reason is that the speculated imminence of a recession is driving crude prices. West Texas Intermediate crude increased by almost 2.6% and settled at $73.16 per barrel.

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