Oil prices rose Tuesday, continuing a recent rebound with analysts anticipating that crude producers led by Saudi Arabia and Russia will extend supply curbs in response to the energy industry’s crisis. U.S. crude futures for July delivery surged 3.9% to $36.81 a barrel on the New York Mercantile Exchange. Front-month futures have risen to their highest level since early March after dropping below $0 for the first time ever on April 20 due to a lack of available storage for excess crude. Drivers returning to the road as states...

Source: Wall Street Journal June 02, 2020 13:47 UTC