Oil Futures Jump More Than 13% For The Month

By Myra P. SaefongMarketWatch Pulse

Oil futures finished the month on Thursday with a gain of more than 13%, with prices finding support from falling U.S. production and the prospect of a freeze in output by major producers. May WTI crude settled at $38.34 a barrel on the New York Mercantile Exchange, up 2 cents for the session. Prices gained about 13.5% for the month and 3.5% for the quarter, according to FactSet.

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