Oil jumps 9% to $32 as June futures contract nears expiration

Oil jumps 9% to $32 as June futures contract nears expiration

Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018. Benjamin Lowy | Getty Images West Texas Intermediate for June delivery jumped more than 9% on Monday to a two-month high, one day ahead of the contract’s expiration, as production cuts and the easing of stay-at-home restrictions supported […]