US oil prices: Markets rally but still far from 2020 peak

Oil prices show some signs of recovery thanks to improving demand and production cuts by key energy producers.

Oil prices have risen as global demand slowly grows and leading energy producers cut production.

Oil prices reached just above $30 per barrel, a little more than half their level at the beginning of 2020

But the fallout of COVID-19 and continuing oil glut mean prices will not entirely recover for some time.

Al Jazeera’s John Hendren reports from Chicago, US.