Oil pares gains as investors wait to see if coronavirus stimulus works
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TOKYO (Reuters) - Oil prices rose on Thursday but pared early gains as investors tried to assess how effective massive stimulus by central banks will be in shoring up the global economy as the shock from the coronavirus pandemic deepens. Bucking panic selling in other financial markets, Brent crude was up 37 cents, or 1.1% at $25.25 a barrel by 0355 GMT, having earlier risen to $27.19. The global benchmark slumped 13% on Wednesday in a third day of relentless selling. U.S. oil gained $1.44, or..