Oil spikes 9% as market rebound puts negative prices in rear view
surged as much as 9% on Friday as investors turned back to the thrashed commodity market.
Contracts for June delivery traded as high as $17.95 per barrel before paring some gains later in the day. The jump follows a similar move on Thursday, marking a brief rally to close a volatile week.The world's most-traded commodity is hot off historic negative prices posted at the start of the week. May contractson Monday before expiring the following day, a first for oil as the coronavirus pandemic pushes demand to the floor.
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