Oil Price Surge Owing To a Five-Month High US Crudes

Oil slips as rise in coronavirus cases overshadows fuel demand recovery, reports Reuters.

Oil prices edged higher on Tuesday, with Brent on track for a five-month high, on hopes the United States is making progress on a new economic stimulus package and signs America may be making progress on curbing the spread of the coronavirus.

Brent futures rose 30 cents, or 0.7%, to $44.45 a barrel by 12:25 p.m. EDT (1625 GMT), while U.S. crude rose 59 cents, or 1.4%, to $41.60. If Brent...

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