Oil gains on U.S. stimulus hopes and demand recovery

Oil gains on U.S. stimulus hopes and demand recovery

LONDON- Crude oil prices rose on Tuesday, underpinned by expectations of U.S. economic stimulus to support the world's biggest oil consumer as well as a rebound in Asian demand as economies reopen.Brent crude added 33 cents, or 0.7%, to $45.32 a barrel by 1411 GMT. West Texas Intermediate U.S. crude rose 46 cents, or 1.1%, to $42.40.U.S. President Donald Trump tweeted on Monday that top congressional Democrats want to meet him to discuss coronavirus-related economic relief after talks broke down last week."A deal on the support package is not a foregone conclusion, but if a mutually acceptable accord is struck, stocks and oil will get a short-term boost," said Tamas Varga of oil brokerage PVM.Signs of recovering Asian oil demand also boosted prices.On Sunday, Saudi Aramco CEO Amin Nasser said