Oil prices climb

Oil edged higher as U.S. lawmakers negotiated the size of a potential spending bill to boost economic recovery, presenting a rare bright spot for the demand outlook.

Futures in New York rose above $41 a barrel after earlier sliding as much as 1.4% Tuesday. House Speaker Nancy Pelosi told Bloomberg TV that a bill for a compromise stimulus package is being written, raising hopes that lawmakers and the White House may be able to break a months-long impasse. But “mixed messages” between Trump and Senate Republicans — who have opposed a package of $1.8 trillion or more — could pose a hurdle, Pelosi said.

PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s s shares are listed on the London AIM and Dublin ESM Markets.

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