Oil rises 3% as demand worries ease amid fewer new coronavirus cases
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NEW YORK (Reuters) - Oil prices rose 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.Prices held gains, as the U.S. government's report of a larger-than-forecast weekly build in crude inventories was countered by a decline in fuel stocks, including an unexpected gasoline drawdown.Crude inventories rose 7.5 million barrels last week, the..