Oil prices rose on Monday supported by the progress in $1.9 trillion US stimulus package, and the upcoming meeting of the OPEC+.
International benchmark Brent crude was trading up 1.4% at $65.33 per barrel, at 9 am Makkah time.
WTI crude rose 1.5% to $62.40 per barrel.
US House of Representatives passed a $1.9 trillion coronavirus relief package on Saturday, Feb. 27, 2021, Reuters reported.
The US also approved the Johnson & Johnson COVID-19 vaccine, amid expectations that the company will ship more than 20 million doses by the end of March, and 100 million doses by mid-year.
Comments
{{DisplayName}}
{{ElapsedTime}}