Oil Prices Rebound Nearly 90% In May For Best Month On Record

Oil Prices Rebound Nearly 90% In May For Best Month On Record

Oil prices increased nearly 90% in May and more than 5% on Friday, boosted by anticipation of improved demand and aided by drastic supply cuts - after shockwaves from the coronavirus pandemic sent the oil market tumbling earlier this year.. Dow Closes Above 25,000 For First Time Since March (Forbes). As Cities Reopen, Traffic And Oil Demand Reappear, Rallying Oil Prices (Forbes). I cover national politics for Forbes.. I've written for TIME, Newsweek, the New York Daily News and VICE News..