Investing.com investing.com 29 Dec, 2020 03:30 am

Oil gains on hopes U.S. pandemic stimulus payments to spur fuel demand By Reuters

Oil gains on hopes U.S. pandemic stimulus payments to spur fuel demand By Reuters
Oil gains on hopes U.S. pandemic stimulus payments to spur fuel demand

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Naveen Thukral SINGAPORE (Reuters) - Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK.crude oil stocks also added support to prices.crude oil stockpiles are expected to have declined last week, while refined products inventories likely rose, a preliminary Reuters poll ahead of this week's data showed on Monday.Brent crude futures climbed 36 cents, or 0.

West Texas Intermediate (WTI) crude futures added 34 cents, or 0.crude futures and options positions in the week to December 21, the U.

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