U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year lows. Analysts saw the rebound as a brief reprieve, anticipating additional weakness as the coronavirus outbreak takes its toll on global demand. U.S. crude and global benchmark Brent have both lost half their value in less than two weeks, most of that since March 6, the day talks between OPEC and allies including Russia broke down. The coronavirus outbreak has put pressure on the market as schools and businesses have shuttered, suppressing economic activity around the globe. At the same time, the price war between Saudi Arabia and Russia is flooding markets worldwide with cheap oil. Oil extended gains late in the day after U.S. President Donald Trump on Thursday said he would get involved […]