Oil Jumps to Five-Week High Amid an Optimistic Demand Outlook
The SCF Provider crude oil tanker is anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

Oil Jumps to Five-Week High Amid an Optimistic Demand Outlook

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(Bloomberg) -- Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.