Crude futures surged over $4 on Thursday in a rally that was stoked by initiatives to revive the world economy and strengthen the global financial system. May Brent on ICE Futures gained $4.31 to settle at $52.75 per barrel. Front-month Nymex crude remained at a slight discount to Brent, but rose $4.25 to $52.64/bl after reaching an intraday high of $52.87.
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