Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories. U.S. Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to “act big” on pandemic relief …
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Author: Capt. John
https://www.hellenicshippingnews.com/oil-above-56-on-u-s-stimulus-hopes-ahead-of-biden-inauguration/