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Futures Movers: U.S. oil prices climb 20% as traders bet on demand pickup as lockdowns ease

5 May 2020

Oil futures end sharply higher on Tuesday, with U.S. benchmark prices posting a fifth straight gain, 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 the COVID-19 pandemic are rolled back.

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