Singapore/Melbourne — Oil prices rose on Tuesday on hopes that the US will reach a deal soon on a $2-trillion coronavirus aid package which could blunt the economic impact of the outbreak and in turn support oil demand.
Brent crude oil futures for May delivery rose by 62c, or 2.3%, to $27.65 a barrel by 3.46am GMT, while West Texas Intermediate (WTI) crude futures gained 76c, or 3.3%, to $24.12. Both price benchmarks had risen over $1 earlier before pulling back slightly...
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