Oil futures are set to score their largest monthly gain in almost a year, even though U.S. crude supplies climbed in each of the last six weeks and major oil producers have yet for formalize a plan to stabilize output.
West Texas Intermediate crude futures settled at $39.46 on Thursday, up nearly 17% month to date. A monthly gain of that size would be the largest since April of last year. Markets were closed Friday for the Good Friday holiday.