Oil recovers from 13-month low as new coronavirus cases slow
Opec+ is still mulling cutting output by another 600,000 bpd, especially as US crude inventories are expected to rise
London — Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concerns about a lasting hit to oil demand.
The death toll climbed above 1,000 on Tuesday, while the number of new confirmed cases fell. The epidemic may peak in February then plateau before easing, the Chinese government’s top medical adviser on the outbreak said...