Oil Futures Abandoned Their Previous Losses On Wednesday To End Up, Gaining A Boost As Gasoline Futures Topped Up Over 20% After Declining Production weekly. Oil prices found support as US benchmark stock indexes climbed in hopes of a coronavirus rescue program. Meanwhile, US gasoline production fell to 8.96 million barrels a day for the week ended May 20, compared to 9.97 million barrels a day a week earlier, according to the Energy Information Administration. Traders are concerned that the closures of COVID-19 have led to fewer trips and reduced demand for fuel, and lower gasoline production has helped to allay these concerns. May West Texas Intermediate Oil
increased 48 cents, or 2%, to settle at $ 24.49 a barrel on the New York Mercantile Exchange. Essence of April
added 10.3 cents, or 23.2%, to 54.68 cents per gallon.