Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes

By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with supply cuts by key producers and hopes for further U.S. stimulus measures giving the black liquid a boost. Brent oil futures gained 0.54% to $59.88 by 10:51 PM ET (3:51 AM GMT), and is close to topping the $60 mark for the first time since Feb. 20, 2020. WTI futures rose 0.99% to $57.41. The six-month Brent spread settled at $2.33 on Friday, after hitting a high…

"Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes"