“Oil in New York Tops $40 With Demand Recovery Accelerating”
June 19, 2020
“Oil rallied as stronger consumption continued to push physical markets higher, even as many countries struggle to bring the coronavirus under control.
Futures in New York traded above $40 a barrel on Friday and are up about 11% this week. Oil traders Vitol Group and Trafigura Group and exporter Saudi Aramco all talked up the strength of the demand recovery in recent days, and prices for some of the world’s major oil products have begun to roar higher…”
https://finance.yahoo.com/news/oil-resumes-weekly-rally-signs-221520791.html