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Oil Now Faces Demand Uncertainty After Record Rebound From Crash

  • WTI surges 88% in May, but is well below early-2020 levels
  • Brent closes below WTI for the first time since 2016
Oil Spirals Below Zero In 'Devastating Day' For Global Industry
Photographer: Bing Guan/Bloomberg
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Oil posted its biggest monthly advance on record, just a few weeks after prices made a dramatic plunge below zero.