Oil prices rebounded ahead of the long weekend break in the United States and Britain. Front-month U.S. West Texas Intermediate crude futures surged 2.38 percent at $49.87 a barrel. Front-month Brent crude futures ended up 1.75 percent to $52.23 a barrel. The spread between the two benchmarks stood at $2.36 a barrel. (The update will suspend publishing during the Dragon Boat Festival. The issue on May 31 will introduce the market in the previous trading session.)

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