After posting declines over the past seven months, crude-oil futures rebounded, with Brent crude scoring its biggest monthly percentage climb in nearly six years.
Crude for April delivery CLJ5, +2.80% rose $1.59, or 3.3%, to settle at $49.76 a barrel on the New York Mercantile Exchange. Prices for the month, based on the front-month contracts, climbed 3.2%. For the week, they were down 2.1%.
April Brent crude LCOJ5, +4.05% on London’s ICE Futures exchange rose $2.53, or 4.2%, to end Friday’s session at $62.58 a barrel.
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