Oil jumps as traders close short positions, U.S. producers cut rig count

[ahlam1399]

Oil jumps as traders close short positions, U.S. producers cut rig count

Oil jumps as traders close short positions, U.S. producers cut rig count
SINGAPORE (Reuters) - Oil prices jumped on Monday, extending a rally that has lifted crude benchmarks by more than a third from this year's lows, as tightening supply and an improving global outlook strengthened the sentiment for a market recovery.

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