Oil jumps to the highest level in two months
Business

Oil jumps to the highest level in two months

WTI Oil jumped more than 10% on Monday to reach the highest level in two months, one day ahead of the contract’s expiration, as production cuts and the easing of stay-at-home restrictions supported prices. WTI jumped above $32 per barrel. Monday’s jump is in sharp contrast to just one month ago when on the day before the contract for May delivery expired, prices plunged below zero and into negative territory

oil prices wti

Mon May 18 - CNBC

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