Oil reverses losses, jumps 4% after Fed promises aggressive asset purchases to support markets

A worker on a an oil drill near New Town, North Dakota.

Daniel Acker | Bloomberg | Getty Images

Oil prices moved lower Sunday night, extending declines from the prior week, which saw U.S. West Texas Intermediate crude fall 29.31% for its worst week since 1991.

On Sunday, WTI fell 6% to trade at $21.27 per barrel, while international benchmark Brent crudeshed 6.9% to trade at $25.13 per…

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