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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Oil prices rallied in Asia Wednesday on signs the US Congress was nearing an agreement on a massive stimulus package to help the coronavirus-ravaged American economy, tracking record Wall Street gains. International benchmark Brent crude was up 2.9 percent to trade at nearly $28 per barrel, while US benchmark West Texas Intermediate rose 3.5 percent to nearly $25 per barrel. Both contracts have hit multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and with top producers Saudi Arabia and Russia engaged in a price war. Wednesday's gains came after the Dow surged 11.4 percent, its biggest one-day percentage increase since 1933, on indications Congress is nearing agreement on a rescue package for the US economy that could amount to more than $2 trillion. Markets were also cheered by the G7's promise to do "whatever is necessary", and the Fed's announcement Monday that it would inject unlimited money into the financial system and serve as the lender of last resort for troubled sectors. But analysts warned the gains could be short-lived. "The canary in the coal mine is chirping," said AxiCorp chief markets strategist Stephen Innes, adding there was an "absence of demand amid rapidly rising physical inventories". cla/sr/jah
schema:headline	Oil prices rally on hopes for US stimulus
schema:mentions	Computer virus Protest Barrel USA Gymnastics Group of Seven Asia Coal Asteroid family Saudi Arabia United States Congress Russia United States Domestic canary Price war Brent Crude West Texas Intermediate
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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