POSITIVE DEVELOPMENT AROUND US STIMULUS BILL DRIVE OIL PRICES UPWARDS

Highlights

• While the April contract expired on Friday, Brent crude futures for May went up by $1.07, or 1.7 percent to $65.49 per barrel

• US West Texas Intermediate (WTI) crude futures surged $1.10, or 1.8 percent to $62.60 per barrel

• Along with stimulus bill and rolling out of vaccines, signs of improving Asian economy also boosted the oil prices

Courtesy of the progress in a huge US....