Oil Holds Gains Despite Massive Unemployment

Oil prices are poised for a second weekly gain in a row despite the harrowing jobs report released on Friday morning.  (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Friday, May 8th, 2020The U.S. Labor Department reported a loss of more than 20 million jobs in the month of April. The unemployment rate surged to 14.7 percent, the highest since the Great Depression. Still, stocks rose. Investors saw positive news after the U.S. and China backed away from trade…