Oil prices increased on the back of expectation that the U.S. will expand pandemic aid payments, which could spur fuel demand, and which also encouraged investors to take on more risk in hopes of stronger economic growth.
Brent crude was up 44 cents at $51.30 a barrel, while U.S. West Texas Intermediate crude futures added 51 cents, to $48.13 a barrel.
Barbara Green, Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story?
Please add a comment in the box below or send an email to email@example.com, send us a message on WhatsApp at 646-874-7976 or Call us at 201-500-7715