Oil prices gain on renewed U.S. stimulus hopes | Reuters

Oil prices gain on renewed U.S. stimulus hopes | Reuters:

Oil prices rose on Thursday as renewed hopes for U.S. fiscal stimulus provided support but worries over rising infections hampering fuel demand could cap gains. 

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 13 cents to $40.35 a barrel at 0645 GMT , after jumping 2.4% on Wednesday.

Brent crude LCOc1 futures gained 11 cents to $42.41 a barrel, after falling 0.2% overnight.

The Trump administration has proposed a new stimulus package to House Democrats worth over $1.5 trillion.