Oil Takes Off and So Do the Markets

Oil Takes Off and So Do the Markets

With countries including the United States, Germany, France, Spain, Italy, Nigeria, India, and Malaysia all tentatively easing lockdowns, the hope for oil producers is that the worst of the demand slump is now over. Brent crude rose 7.8% to $29.32 a barrel, up for a sixth straight day, and U.S. crude rose 10% to $22.43 a barrel for its fifth consecutive rise.

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