image credit: Pxhere
Oil came under pressure on Friday, the last trading day of month, but it’s still on pace to post its best month in history as an uptick in demand as well as record supply cuts have pushed prices higher. West Texas Intermediate, the U.S. oil benchmark, is on track to finish May with a gain of 74%. To put the number in context, WTI’s second best month on record was Sept. 1990, when it gained 44.6%.
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