Oil prices rise on hopes of a US stimulus
Prices found support from a rally in Europe, which rose for a third straight session as carmakers gained on firm Chinese sales data
11 August 2020 - 11:55
London — Crude oil prices rose on Tuesday, underpinned by expectations of a US stimulus to help jump-start the world's biggest oil consumer, a rebound in Asian demand as economies reopen and a stronger stock market.
Brent crude added 29 US cents, or 0.6%, to $45.28 a barrel, by 8.19am GMT. West Texas Intermediate US crude rose 38c, or 0.9%, to $42.32 a barrel...
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