Alaska North Slope crude jumped $2.18 Oct. 19 to close at $91.82 per barrel as the vicissitudes of China demand expectations engendered sharp fluctuations in oil prices. West Texas Intermediate leapt $2.73 to close at $85.55 and Brent jumped $2.38 to close at $92.41.
WTI continued up more than 1.5%.
Alaska North Slope crude rose $2.10 Oct. 5 to close at $93.88 per barrel, while West Texas Intermediate rose $1.24 to close at $87.76 and Brent rose $1.57 to close at $93.37.
The gains came after the Organization of the Petroleum Exporting Countries and its allied producing countries announced a 2 m.
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This was the most extreme of the Fed s emergency policy moves made last year where the Fed intervened via the stock market, buying corporate bond ETFs.