Oil rises to $56 on US stimulus prospects

61



Oil prices rose for a second consecutive day on Wednesday, as the market expects the new United States administration to act big in the next COVID-19 relief package. As of 9:17 a.m. ET on Wednesday, the Inauguration Day for President-elect Joe Biden, West Texas Intermediate crude was up 1.53 per cent at $53.77, and Brent



Source: Punch Newspaper