Oil Climbs With U.S. Aid Hopes Brightening Consumption Outlook Bloomberg 1/14/2021 Andres Guerra Luz and Alex Longley (Bloomberg) -- Oil rose to a new 10-month high in New York on expectations that a potential $2 trillion economic relief packaged could get Americans consuming more fuel. U.S. benchmark crude futures advanced 1.3% on Thursday. President-elect Joe Biden’s advisers recently told allies in Congress about the cost of the package, CNN reported. A weaker dollar also boosted the appeal of commodities priced in the greenback. A stimulus package will be “putting direct money into people’s pockets,” said Josh Graves, senior market strategist at RJ O’Brien & Associates LLC. “In general, it’s going to allow them to travel more and do more things,” helping support crude demand.