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Oil rises 2% as fall in new China coronavirus cases eases fuel demand concerns

WorldNews Wednesday, 12 February 2020 ()
Oil rises 2% as fall in new China coronavirus cases eases fuel demand concernsSEOUL/LONDON — Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic. Brent crude was up $1.13, or 2.1%, at $55.14 per barrel at 1118 GMT. U.S. West Texas Intermediate (WTI) rose 82 cents,...
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