Oil steady, but on track for weekly gain
Investors expect Opec+ will cut output to offset slowing demand in China
14 February 2020 - 09:12
Singapore — Oil prices were steady on Friday, but set for their first weekly gain in six weeks on the assumption that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic.
Brent crude futures were 1c higher at $56.35 a barrel by 4.39am GMT, after gaining 1% the previous session. Brent is 3.4% higher for the week, the first increase since the week of January 10...
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