Oil Edges Higher Alongside Equities With Stimulus Hopes Growing
Oil Edges Higher Alongside Equities With Stimulus Hopes Growing Bloomberg 1/7/2021 Andres Guerra Luz and Alex Longley (Bloomberg) -- Oil gained for a third day as a Democratic sweep in the U.S. stoked optimism around the prospect of more fiscal stimulus under the incoming Joe Biden administration. The slight rise of less than 1% on Thursday left futures in New York at their highest since late February. Prices tracked a move higher in equities as Democrats are poised to take control of the Senate, House and presidency, setting the stage for additional virus aid that could boo...
Source: msn.com