Investing.com - Oil prices posted strong gains Monday, with investors confident that production cuts and the loosening of social distancing requirements will continue to push the supply/demand back towards normalcy.
At 8:20 AM ET (1220 GMT), U.S. crude futures traded 8.8% higher at $32.13 a barrel, climbing to a two-month high, while the international benchmark Brent contract rose 6.5% to $34.61, touching its best level since March.