Oil ekes out gains as U.S. stimulus hopes lift global markets
Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic, Trend reports citing Reuters.
U.S. crude CLc1 touched a high of $25.10 a barrel early in the session and was at $24.61 a barrel, up 60 cents, or 2.5%, by 1243 GMT.
Brent crude LCOc1 was trading up 49 cents, or 1.8%, at $27.64 a barrel.
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