Oil prices turn positive, shrugging off bearish news
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LONDON (Reuters) - Oil prices rose on Thursday as U.S. markets opened, shrugging off bearish OPEC and IEA reports which cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world's biggest oil importer.Paring losses from earlier in the session, Brent crude was up 64 cents to $56.43 a barrel by 1438 GMT, while U.S. West Texas Intermediate (WTI) was up 51 cents at $51.68. Oil demand in China, the world's second-largest crude consumer, has plunged because..