(Bloomberg) — Oil extended a rebound from its biggest crash in a generation as the prospect of U.S. stimulus to shield against the fallout from the coronavirus tempered fears over an unprecedented supply-demand shock.Brent crude rose 4% in London and has now recouped around half of Monday’s collapse. U.S. President Donald Trump pitched a payroll tax holiday and relief for the travel and hospitality sectors to combat the virus’s impact, while some Republican senators have suggested a federal bailout for the shale industry.That was after Saudi Arabia upped the ante its oil price war with Russia, pledging to supply a …read more
Source:: Yahoo Finance
