10:18 AM · 5 October 2020

📈 Oil gains 3% as Trump's health improves 🔼

Upbeat moods can be spotted on the global financial markets at the beginning of a new week. Sentiment improved as media reports suggested that Donald Trump is feeling better and may be discharged from a hospital soon. Trump was hospitalized after testing positive for coronavirus. Oil rallies along equities with both Brent and WTI trading over 3% higher. Brent managed to climb back above the $40 mark while WTI is trading above $38 per barrel.

Brent (OIL) climbs back above the zone at $40 as upbeat reports on Trump's health sparked a risk-on rally. Source: xStation5

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