Oil prices hit 9-month high on US stimulus deal, refining demand in India

By Jessica Resnick-Ault NEW YORK (Reuters) -Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India. U.S.

lawmakers edged closer to agreement on a $900 billion virus-relief spending package on Wednesday. The U.S. dollar set a 2-1/2 year low against major rivals on Thursday. Since crude is priced in greenbacks, this made oil cheaper for buyers holding other currencies. Brent crude futures settled up.....

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