New York-Sana
Oil rose today due to expectations that the administration of US President Joe Biden will launch a huge economic stimulus to alleviate the repercussions of the pandemic, which will increase the demand for fuel, as well as the adoption of policies that will lead to a scarcity of crude supply.
Reuters reported that Brent crude rose 18 cents to determine the settlement price at $ 56.08 a barrel, while US West Texas Intermediate crude closed at $ 53.24 a barrel, up 26 cents.
Biden is expected to take measures to rein in the US oil industry, including a plan to return to the Paris climate agreement, cancel the license for the Keystone XL oil pipeline, and stop drilling in the Arctic.