Oil Higher on Hopes for US Stimulus, Demand Recovery

Oil Higher on Hopes for US Stimulus, Demand Recovery
The sun shines through a crude oil pump jack in the Permian Basin in Loving County, Texas, on Nov. 22, 2019. Angus Mordant/Reuters
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LONDON—Crude oil prices rose on Tuesday, underpinned by expectations of a U.S. stimulus to help jumpstart the world’s biggest oil consumer, a rebound in Asian demand as economies reopen, and a stronger stock market.

Brent crude added 29 cents, or 0.6 percent, to $45.28 a barrel, by 08:19 GMT. West Texas Intermediate U.S. crude rose 38 cents, or 0.9 percent, to $42.32 a barrel.