Oil prices climbed Friday, sending U.S. crude above $40 a barrel with traders hopeful that global fuel demand will rebound more quickly than anticipated. U.S. crude futures for delivery in July rose 3.4% to $40.17 a barrel, heading for their highest close since early March. Prices started the year above $60, briefly collapsed below $0 for the first time ever in late April due to a global glut of oil and are now rebounding with drivers returning to the road and producers curtailing supply.

Source: Wall Street Journal June 19, 2020 13:18 UTC