Oil prices are staging a furious comeback from last month’s collapse, lifted by record supply cuts and a pickup in global fuel demand as drivers take back to the road
Oil prices are staging a furious comeback from last month’s collapse, lifted by record supply cuts and a pickup in global fuel demand that many investors hope heralds a swift economic recovery.
With prices still below levels at which most producers can make money, companies from Exxon Mobil Corp. to EOG Resources Inc. are curtailing output and shutting off productive wells. Those supply cuts come with rising factory activity in China boosting fuel consumption while economic growth in what is the world’s largest consumer of...
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