Oil prices up as markets await higher stimulus in US

Oil prices were up on Wednesday as markets await the announcement of a higher US relief package during the US President-elect’s inauguration speech later Wednesday, although rising coronavirus cases are capping upward price movements.

International benchmark Brent crude was trading at $56.34 per barrel at 0656 GMT for a 0.79% rise after closing Tuesday at $55.90 a barrel.

American benchmark West Texas Intermediate (WTI) traded at $53.46 per barrel at the same time for a 0.91% increase after it ended the previous session at $52.98 a barrel.

IamFire plc (AQSE:FIRE) is an Investment Issuer Listed on the AQSE Growth Market Exchange. The company has an investment strategy focused on the identification of opportunities in Life Sciences, Technology & Natural Resources.

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