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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Oil prices jump the most ... » Reply #7

Response to Yo_Mama_Been_Loggin (Original post)

Mon Sep 16, 2019, 01:51 PM

7. The most ever? Or the most in 10 years. Or in fifteen years, whatever?

'In dollar terms' can be misleading.

. . . Brent jumped more than 19% to $71.95 a barrel on ICE Futures Europe, its biggest gain in percentage terms since 1991.

. . . When it finally started trading, WTI jumped more than 15% to $63.34, the most since 2008.

It appears to not be the most ever by percentage, which is to say not the most ever. It is a deceiving headline in my view and, sadly, the article fails to note the actual largest jump ever as far as I can tell, but it must be before 2008 at least.

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