OIl price pick up finally but for how long?

According to marketwatch, “U.S. oil prices climb by more than 20%, but stay on track for a monthly loss”

Yes still a loss even it pick up 20% but still on track for a monthly loss. “West Texas Intermediate crude for June delivery CLM20, 11.89% CL.1, 11.89% rose $3.25, or 21.6%, at $18.31 a barrel on the New York Mercantile Exchange, after a 22% surge on Wednesday. For the month, prices were still down roughly 10%, from the front-month contract settlement on March 31.”

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