CNBC | Oil surges into the close to settle above $50, posts best monthly gain since April 2016 CNBC U.S. crude closed above $50 a barrel for the first time in more than two months. WTI crude initially turned lower after touching the $50 milestone, but surged into the close of Monday's trading session. Traders have been raising their bullish bets on ... Oil retreats, but July set to log biggest monthly gain of the year Oil near two-month high as producers set to meet again With oil prices, half a step is not enough |