Oil rises as markets wait on virus impact; U.S. stocks fall
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TOKYO (Reuters) - Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout on talk that OPEC could extend oil output cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles helped steady prices.Brent crude rose 58 cents, or 1%, to $60.09 a barrel by 0730 GMT. U.S. crude was up 55 cents, or 1%, at $54.03 a barrel. Financial markets that have been hit by the spread of the virus out of China are trying to assess the economic..