Oil climbs on potential pause in rate hikes

A passed US debt bill turns market sentiment on its head.

Photo: Agustin Marcarian/Reuters/Ritzau Scanpix

BY MARKETWIRE, TRANSLATED BY SIMON ØST VEJBÆK

Oil rises on potential US rate hike pause while the passage of the debt ceiling bill renews optimism and drives up demand, writes news agency Reuters.

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