Oil rises over 3% on Fed steps to support economy, hopes of U.S. aid package
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NEW YORK (Reuters) - Oil rose over 3% on Tuesday after the U.S. Federal Reserve said it would take steps to bolster the economy and on growing hopes the United States will soon reach a deal on a $2 trillion coronavirus economic package.The market was substantially off the day's highs, however, and analysts remained pessimistic that oil prices would stage an extended recovery amid the worsening coronavirus pandemic and the ongoing oil price war between Saudi Arabia and Russia.Brent futures rose..