Oil rebounds amid broad market recovery; investors still wary
Share:
SINGAPORE (Reuters) - Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China. Brent crude rose 70 cents, or 1.3%, to $53.97 a barrel by 0428 GMT, retreating from an intraday high of $54.13. U.S. West Texas Intermediate was up 61 cents, or about 1.2%, at $50.18 a barrel. "A broad positive sentiment across Asia markets seems to have boosted crude oil prices," Margaret Yang,..