Oil falls $1 on renewed uncertainties over coronavirus outbreak
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LONDON (Reuters) - Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian economic data fuelled uncertainty about the economic outlook and as major crude producers showed no rush to cut output.Brent crude was down 96 cents, or 1.6%, at $58.35 a barrel by 1019 GMT, while U.S. crude dropped 76 cents, or 1.4%, at $53.12 a barrel.Oil prices had edged up on Thursday after a much smaller-than-expected rise in U.S. crude stocks."With Brent failing to breach the 60 level on..