Oil Prices Edge Higher on Optimism Over Senate Funding Deal to Reopen Government
Market Intelligence Analysis
AI-PoweredOil prices are increasing due to optimism over a potential Senate funding deal to reopen the US government, with WTI and Brent crude rising by 0.5%.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
As markets opened in Asia on Monday, crude oil prices were showing modest gains amid growing optimism that the United States Senate is set to advance a funding agreement that could end the federal government shutdown. At the time of writing, WTI had climbed to $60.08 while Brent was trading at $63.94, both up by roughly 0.5%. Senate negotiators had reportedly struck a deal ahead of a Sunday evening session to begin advancing a House-passed continuing resolution. At least eight Democrats are prepared to vote in favour of advancing the funding measure,…
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