(Bloomberg) — Oil extended gains after House Speaker Nancy Pelosi said a stimulus deal is close to being reached in Washington.Futures in New York rose as much as 2.2% on Thursday. Pelosi said the two sides are “just about there” and progress has been made all week in talks. Meanwhile, the number of Americans filing for unemployment benefits fell more than expected, pointing to a gradual recovery in the labor market.The labor market data brings about the idea that “people are going back to work even with some renewed lockdowns,” said Michael Lynch, president of Strategic Energy & Economic Research. …read more
Source:: Yahoo Finance
