News of coronavirus drug injects life into oil price
Analysts have estimated that the virus could reduce global oil demand by up to 0.5% in 2020
05 February 2020 - 12:46
London — Oil prices jumped by more than 3% on Wednesday after reports that scientists have found an effective drug against China's fast-spreading coronavirus, which has hit the world's second-largest economy in recent weeks.
Brent crude oil futures were up $1.76, or 3.2%, at $55.72 a barrel by 9.19am GMT. US West Texas Intermediate (WTI) crude futures were up $1.34, or 2.6%, at $50.93...
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