Oil prices rise on hopes for US stimulus

11/08/2020 Argaam

 

Oil prices rose on Tuesday underpinned by expectations of U.S. stimulus.

 

Prices found support after U.S. President Donald Trump tweeted that top congressional Democrats wanted to meet with him on coronavirus-related economic relief, Reuters reported.

 

Brent crude futures climbed 0.6% to $45.28 a barrel, while US West Texas Intermediate (WTI) crude futures gained 1%, to $42.37 a barrel.

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