Oil posted the biggest gain in a week in New York amid signs that the U.S. may move forward with another economic stimulus deal that could bolster consumption. Treasury Secretary Steven Mnuchin said that there are areas where compromise over a massive aid bill is possible and a “fair deal” could be agreed upon. Meanwhile, a recovery in the U.S. is seeing some momentum: new Covid-19 cases have decelerated by the most since the start of the pandemic and applications for unemployment benefits dropped to a pandemic low. Further supporting sentiment, crude demand in Asia is almost back to pre-coronavirus levels, Saudi Aramco Chief Executive Officer Amin Nasser said Sunday. Prices are supported by a “continued risk appetite,” said Bart Melek, head of global commodity strategy at TD Securities. “At least there are signals from Washington […]