U.S. oil surges 10%, aims for highest price in nearly 3 weeks as traders bet on demand pickup as lockdowns ease
May 05, 2020 at 06:42 AM EDT
U.S. crude-oil prices on Tuesday head toward a fifth straight gain and a three-week high, as investors wager on a slowdown in production and a gradual increase in appetite for the commodity as lockdowns intended to curtail the spread of COVID-19 are rolled back.