Oil Trades at Six-Week High on Supply Cuts and Demand Recovery
The deepwater drilling rig Scarabeo 9 sits docked at the Port of Constanta in Constanta, Romania. (Photographer: Evgeniy Maloletka/Bloomberg)

Oil Trades at Six-Week High on Supply Cuts and Demand Recovery

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(Bloomberg) -- Oil is heading for a third weekly gain on signs the market is slowly rebalancing as major producers slash supply and consumption recovers after a historic collapse in demand due to t...