Loading…
U.S. crude futures rose about 20% and Brent gained to $30.97, its first settle above $30 since April 15. The rally came as US states and countries in Europe and Asia eased lockdowns and vehicle traffic recovered.
Global stocks rose out of a three-day losing streak and bond yields climbed while gold fell.
Stronger crude prices on hopes for fuel demand recovery support energy-linked costs and biofuel economics, which can underpin vegetable oil and corn demand.
reuters.comHerbert LashMay 5, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
