Oil Jumps on Output Cuts and Early Signs of Demand Recovery
Oil storage silos and pipework stand at the oil and gas refinery operated by Naftna Industrija Srbije AD, a unit of Gazprom Neft PJSC, in Pancevo, Serbia. (Photographer: Oliver Bunic/Bloomberg)

Oil Jumps on Output Cuts and Early Signs of Demand Recovery

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(Bloomberg) -- Oil jumped for a second day as global production cuts deepened and signs of a recovery in physical markets emerge.