U.S. oil prices jump 16% early Thursday, aim for one-week high as pressure on crude relents
April 30, 2020 at 06:14 AM EDT
Oil futures extend gains Thursday, aiming for the best settlement in more than a week for the battered commodity, with traders attributing some of the recent advance to signs that storage space for crude won’t run out as quickly as feared, and hope that economies stricken by the coronavirus will recover soon amid powerful monetary aid.