Oil Soars as OPEC Cuts, Demand Optimism Points to Recovery
The SCF Provider crude oil tanker is anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

Oil Soars as OPEC Cuts, Demand Optimism Points to Recovery

(Bloomberg) -- Oil surged to the highest in more than five weeks as signs emerge that OPEC and its allies are scaling back crude shipments at a time when consumption is recovering.
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