SINGAPORE - Oil prices jumped on March 7, extending a rally that has lifted crude benchmarks by more than a third from this year's lows, as tightening supply and an improving global outlook strengthened the sentiment for a market recovery.
Reuters: Oil jumps as traders close short positions, US producers cut rig count
A general view shows pipelines in the newly opened section of the oil refinery of Zubair, southwest of Basra in southern Iraq, on March 3.
