Oil Futures Rise by Largest One-Day Gain Since 2009

Geneva, CH, August 31, 2015—Oil futures rose by more than 10% on August 27, according to Marketwatch, the largest one-day gain since 2009.

The rise followed a report that Venezuela asked the Organization of the Petroleum Exporting Countries (OPEC) to hold an emergency meeting, an act that implies that OPEC would discuss a possible production cut to help stem the recent drop in oil prices.