Singapore — Oil hit a nine-month high on Thursday after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal stimulus deal and strong Asian demand also buoyed prices.
Brent crude futures rose 45 US cents, or 0.9%, to $51.53 a barrel at 4.36am GMT, while US West Texas Intermediate (WTI) crude futures rose by 46c, or nearly 1%, to $48.28 a barrel. Both benchmarks hit their highest since early March...
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