Oil prices rebound, fuelled by hopes for OPEC+ supply cuts
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SINGAPORE (Reuters) - Oil prices clawed back ground on Tuesday, rising 1% after the previous session's slump, amid hopes for new production curbs by OPEC and its allies to offset any drop in future fuel demand that might be triggered by China's coronavirus outbreak. Brent crude was at $54.93 a barrel by 0615 GMT, up 48 cents, or nearly 0.9%, while U.S. West Texas Intermediate (WTI) crude was up 57 cents, or over 1%, at $50.68 a barrel.Despite Tuesday's gains, an extended slide over the last..