Oil ekes out gains as U.S. stimulus hopes lift global markets

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Oil ekes out gains as U.S. stimulus hopes lift global markets
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Oil prices extended gains for a third session on Wednesday, rising alongside bro...

FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo

U.S. crude CLc1 touched a high of $25.10 a barrel early in the session and was at $24.61 a barrel, up 60 cents, or 2.5%, by 1243 GMT.The U.S. Congress may vote on Wednesday on the $2 trillion stimulus package which boosted stock markets on Tuesday. “It will be difficult to lift demand if lockdowns are announced in many countries and airline services remain suspended,” ANZ analysts said in a note.

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