Oil rises 1% on hopes demand will rebound from coronavirus effect
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NEW YORK (Reuters) - Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.Brent crude rose 82 cents, or 1.5%, to $57.16 a barrel by 11:43 a.m. EST (1643 GMT). It has risen 5.9% since last Friday, its first weekly increase in six weeks. U.S. West Texas Intermediate (WTI) rose 66 cents, or 1.3%, to $52.08 a barrel...