Oil surges 5% on U.S.-China trade optimism, falling crude output

May 29, 2020 admin Business News Comments Off on Oil surges 5% on U.S.-China trade optimism, falling crude output

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.

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Source:: Reuters – Business News