Crude Prices Jumped +10%, Biggest since 2008

Market sentiment continued to be lifted by upbeat US data (GDP growth) and Fed members' dovish comments. Wall Street jumped with DJIA and S&P 500 indices gaining +2.27% and +2.43% respectively. Crude oil recorded double-digit rally with the front-month WTI contract jumping +10.26% to close at 42.56 whist the Brent crude contract up +10.25% to settle at 47.56.

from Oil N' Gold Focus http://ift.tt/1MS5ci4