Oil rebounds amid hope stimulus will counter virus worries
Brent crude and US West Texas Intermediate mark first gain after six sessions of losses
02 March 2020 - 09:34
Singapore — Oil prices rebounded more than $1 a barrel after earlier hitting multiyear lows on Monday, as hopes of a deeper cut in output by Opec and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Brent crude was at $51.31 a barrel, up $1.64 or 3.3%, by 7.02am, off $48.40, the lowest since July 2017...
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