Oil
futures rallied on Monday, with prices scoring their highest settlement
level of the year as traders continue to bet that oil producers will
freeze output.
April
West Texas Intermediate crude rose $1.98, or 5.5%, to settle at $37.90 a
barrel on the New York Mercantile Exchange. That was the highest
settlement for a most-active contract since Christmas Eve, according to
FactSet Data.
Source : Marketwatch
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