Oil futures soared Thursday, with U.S.
prices jumping more than 10% on a report that Venezuela has asked the
Organization of the Petroleum Exporting Countries to hold an emergency meeting.
Venezuela has also asked OPEC to consider a coordination with non-OPEC Russia
to discuss a strategy to stem the recent rout in oil prices, The Wall Street
Journal reported, citing people familiar with the matter. Oct. crude CLZ5,
+0.81% rose $3.96, or 10.3%, to settle at $42.56 a barrel on the New York
Mercantile Exchange. More… 
Friday, August 28, 2015
Oil prices soar over 10% on report Venezuela asked for emergency OPEC meeting
Oil futures soared Thursday, with U.S.
prices jumping more than 10% on a report that Venezuela has asked the
Organization of the Petroleum Exporting Countries to hold an emergency meeting.
Venezuela has also asked OPEC to consider a coordination with non-OPEC Russia
to discuss a strategy to stem the recent rout in oil prices, The Wall Street
Journal reported, citing people familiar with the matter. Oct. crude CLZ5,
+0.81% rose $3.96, or 10.3%, to settle at $42.56 a barrel on the New York
Mercantile Exchange. More… 
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