Highlights from May 2020 – Oil has best month ever; COVID-19 impact on employment; U.S. corporate earnings; First Quarter (Q1) GDP readings; Stocks continue rebound

Oil has best month ever In April, oil prices briefly went negative. May was a different story with WTI Crude, the U.S. oil benchmark, registering its best month ever after gaining 88.38%. Record supply cuts and an uptick in demand pushed prices higher. COVID-19 impact on employment As the impact of lockdowns on back of … Continue reading Highlights from May 2020 – Oil has best month ever; COVID-19 impact on employment; U.S. corporate earnings; First Quarter (Q1) GDP readings; Stocks continue rebound