Treasury Secretary Steven Mnuchin and Senate Democratic leader Chuck Schumer have both said an agreement in near.
The move would come after North American stock markets fell on Monday as the U.S. politicians haggled over the deal. The drop came despite a statement by the U.S. Federal Reserve that it would buy as many Treasuries and mortgage-backed securities as it took to stabilize bond markets.The May crude contract was up US$1.60 at US$24.96 per barrel.
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