Plans for a meeting of major oil producers next month to discuss limiting output and a dovish Federal Reserve statement, which pressured the U.S. dollar, added to gains for crude futures.
April West Texas Intermediate crude CLJ6, +1.74% rose $2.12, or 5.8%, to end at $38.46 a barrel on the New York Mercantile Exchange. May Brent crude CLK6, +1.55% climbed by $1.59, or 4.1%, to finish at $40.33 a barrel on London’s ICE Futures exchange.
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