Oil prices advance amid stimulus hopes, dollar weakness


  • World
  • Wednesday, 20 Jan 2021

NEW YORK, Jan. 19 (Xinhua) -- Oil prices climbed on Tuesday, bolstered by weakness in the U.S. dollar and expectations for further U.S. fiscal stimulus.

The West Texas Intermediate (WTI) for February delivery added 62 cents to settle at 52.98 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased 1.15 dollars to close at 55.90 dollars a barrel on the London ICE Futures Exchange.

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