News 25 march — 11:32

Oil prices up: Brent almost $28

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Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic, Reuters reports.

U.S. crude CLc1 touched a high of $25.24 a barrel early in the session and was at $24.82 a barrel, up 81 cents, or 3.4%, by 0412 GMT.

Brent crude LCOc1 was trading up 75 cents, or 2.8%, at $27.90 a barrel after rising to a high of $28.29.

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