(Bloomberg) — Oil is heading for the biggest monthly advance on record as deep supply cuts trim a global glut and easing lockdown restrictions boost fuel consumption after a virus-driven crash.Futures in New York are trading above $33 a barrel, up almost 80% this month for the biggest gain in data going back more than three decades. OPEC+ has pledged to reduce output by about 10 million barrels a day, but the market will be watching for any change when the coalition meets in early June after Russia signaled it would scale back curbs in line with the deal. There …read more
Source:: Yahoo Finance
