# Oil surge lifts global stocks out of three-day losing streak

> 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.

- Date: 2020-05-05 · published 2020-05-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8043-oil-surge-lifts-global-stocks-out-of-three-day-losing-streak
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stronger crude prices on hopes for fuel demand recovery support energy-linked costs and biofuel economics, which can underpin vegetable oil and corn demand.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-global-markets/oil-surge-lifts-global-stocks-out-of-three-day-losing-streak-idUSKBN22G317/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.