US oil bounces back after fund switching drives wild gyrations

A cyclist wearing a protective face mask rides past oil storage silos at an oil and gas storage facility, operated by Gazprom Neft PJSC, in Belgrade, Serbia, on Tuesday, April 28, 2020. Crude whipsawed near $11 a barrel after a major index tracked by billions of dollars in funds bailed out of near-term contracts for fear prices may turn negative again. Photographer: Oliver Bunic/Bloomberg
A cyclist wearing a protective face mask rides past oil storage silos at an oil and gas storage facility, operated by Gazprom Neft PJSC, in Belgrade, Serbia, on Tuesday, April 28, 2020. Crude whipsawed near $11 a barrel after a major index tracked by billions of dollars in funds bailed out of near-term contracts for fear prices may turn negative again. Photographer: Oliver Bunic/Bloomberg

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