Oil prices jump 4% following reports on coronavirus drug
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NEW YORK (Reuters) - Oil prices jumped 4% on Wednesday on media reports that scientists had developed a drug against the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand.The World Health Organization played down the media reports, saying there were "no known effective therapeutics" against the virus.Lending further support to oil was news that the Organization of the Petroleum Exporting Countries (OPEC) and its producer allies..