Oil Advances Despite Looming Demand Crisis, OPEC Deal Hopes Fade
The Haven accommodation jackup rig, owned by Jacktel AS, stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea. (Photographer: Carina Johansen/Bloomberg)

Oil Advances Despite Looming Demand Crisis, OPEC Deal Hopes Fade

(Bloomberg) -- Oil clawed back some gains after plunging 29% last week as the U.S. signaled the possibility of a joint U.S.-Saudi Arabia alliance to stabilize prices.
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