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Oil Prices Gain Ground on Tuesday

WTI crude futures traded 0.3% higher above $42.0 per barrel on Tuesday helped by expectations of US stimulus as lawmakers continued negotiations on the coronavirus relief economic package after talks between Democrats and the White House collapsed last week without a deal.

Prices were also supported by news on Sunday that Saudi Aramco sees a rebound in Asian fuel demand as economies gradually open up.

The West Texas Intermediate (WTI) benchmark for US crude is the world’s most actively traded commodity. 

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About Babajide Iletogun

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