Oil extends short-covering frenzy to second day, hitting $50 a barrel

Oil extends short-covering frenzy to second day, hitting $50 a barrel

August 28, 2015

 

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.

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