Oil rises on reports of virus treatment, dismissed by the WHO
Oil prices have slumped more than 20% since January 8 on demand concerns caused by the virus outbreak and oversupply indications
06 February 2020 - 12:19
Tokyo — Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China, which could cause fuel demand to rebound in the world’s biggest oil importer.
Brent futures rose by 77c, or 1.4%, to $56.05 a barrel by 7.35am GMT, having risen 2.4% in the last session. US West Texas Intermediate (WTI) futures gained 95c, or 1.9%, to $51.70 a barrel after rising 2.3% on Wednesday...
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