Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns
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SEOUL (Reuters) - Oil prices climbed 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 98 cents, or 1.8%, at $54.99 per barrel at 0335 GMT. U.S. West Texas Intermediate (WTI) rose 81 cents, or 1.4%, to $50.65 a barrel.According to data through Tuesday, the growth rate of new coronavirus cases in China..