Oil prices rise over $1 as U.S. ramps up economic support measures
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SINGAPORE/MELBOURNE (Reuters) - Oil prices rose around 4% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.Brent crude oil futures for May delivery rose by $1.05 a barrel, or 3.9%, to $28.08 a barrel by 0732 GMT while West Texas Intermediate (WTI) crude futures gained $1.20 cents, or 5.1%, to $24.56. "Oil is clawing its way higher, mainly on the back of..