Oil prices spike above USD58 per barrel on hopes of economic recovery, jet fuel rising

Premium Analysis

Oil prices reached USD58.57 per barrel overnight in New York - the highest level since Nov-2008 - before settling up USD0.37 at USD56.71. The gains follow Wednesday's 4.6% rally, triggered by lower than expected US inventories and increasing optimism about an economic recovery.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 266 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.