Oil Rises on China Stimulus Expectations, Weaker Dollar

Oil Rises on China Stimulus Expectations, Weaker Dollar
A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, on April 14, 2020. Dado Ruvic/Reuters
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LONDON—Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia, and a drop in U.S. crude stockpiles.

Brent crude futures rose 63 cents, or 0.8 percent, to $84.81 a barrel at 0840 GMT, while U.S. West Texas Intermediate futures gained 68 cents, or 0.9 percent, to $80.42 a barrel.