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
Photo: Agustin Marcarian/Reuters/Ritzau Scanpix

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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