MELBOURNE - Oil prices rose for a third straight day on Tuesday, buoyed by support for demand coming from efforts to stimulate the U.S. economy’s recovery from the coronavirus crisis and a weakening of the dollar that makes crude cheaper for global buyers.
U.S. West Texas Intermediate crude futures gained 27 cents, or 0.7%, to $41.87 a barrel, building on a 0.75% rise on Monday. “Oil prices will continue to draw support from the Fed’s dovish policy, which sees the U.S. dollar move lower,” AxiCorp market strategist Stephen Innes said in a note.
Source: Financial Digest (financialdigest.net)
Talk to *actual* people. Wall Street is just gambling our money for the benefit. We just saw how America becomes the worst 1st world nation.
Taking a trillion dollars of debt, to throw money at the public, devalued the dollar. Are we going to take this bait just so we can be in an even weaker spot?
More money for billionaires.
Why is gas in Texas a dollar less than my state mmmmffffs?
bummer
The stimulus will only help the corporations.
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