The Traderszone Network

Published in TZ Latest News 27 August, 2015 by The TZ Newswire Staff

GDP Data Spark Best 1-Day Gain For Oil Since ’09

Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted. West Texas intermediate futures rose 10%, the biggest gain since March 2009. U.S. gross domestic product grew at a 3.7% annualized rate in the second quarter, exceeding all estimates of economists surveyed by Bloomberg.

read more