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US oil rallies second day; WTI up 6.3%

Last Updated: Saturday, August 29, 2015, 00:46

US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.

US crude down 10% post-OPEC, Brent breaks below $70

Last Updated: Saturday, November 29, 2014, 05:30

US crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC`s decision not to cut output sent oil traders and analysts scurrying to find a new trading floor.