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[size=36]Oil prices rise due to expectations of a recovery in the global economy[/size]
Economie| 09:18 - 09/03/2021
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BAGHDAD - Mawazine News
Oil prices increased, on Tuesday, due to expectations of a recovery in the global economy after the US Senate approved a stimulus bill worth 1.9 trillion dollars.
May Brent crude futures rose 57 cents, or 0.84%, to $ 68.82 a barrel.
US West Texas Intermediate crude oil for the month of April rose 52 cents, or 0.78%, to $ 65.56 a barrel.
On Monday, US Treasury Secretary Janet Yellen said that President Joe Biden's $ 1.9 trillion coronavirus aid package will provide sufficient resources to fuel a "very strong" US economic recovery.
The House of Representatives still has to pass the Senate version of the package into law. Ended 29 / p4
Oil prices increased, on Tuesday, due to expectations of a recovery in the global economy after the US Senate approved a stimulus bill worth 1.9 trillion dollars.
May Brent crude futures rose 57 cents, or 0.84%, to $ 68.82 a barrel.
US West Texas Intermediate crude oil for the month of April rose 52 cents, or 0.78%, to $ 65.56 a barrel.
On Monday, US Treasury Secretary Janet Yellen said that President Joe Biden's $ 1.9 trillion coronavirus aid package will provide sufficient resources to fuel a "very strong" US economic recovery.
The House of Representatives still has to pass the Senate version of the package into law. Ended 29 / p4
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