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Oil Prices Soar on Hopes of US Stimulus Boosting Fuel Demand
January 20th, 2021 - 10:30 GMT

Oil Prices Soar on Hopes of US Stimulus Boosting Fuel Demand

Oil was up Wednesday morning in Asia, holding onto gains seen during the previous session. Expectations that the incoming Joe Biden administration will push through more, massive U.S. stimulus measures boosted hopes for fuel demand and a drawdown on crude oil stocks. Brent oil futures were up 0.68% to $56.28 by 11 PM ET (4 AM GMT) adding to Tuesday’s 2.1% gain. WTI futures gained 0.79% to $53.40, building on ...
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