Oil rises for third day as coronavirus impact may spur output cuts
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SEOUL (Reuters) - Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused by the coronavirus outbreak in China, the world's second-largest crude consumer. Brent crude rose 17 cents, or 0.3%, to $55.96 per barrel at 0217 GMT. U.S. West Texas Intermediate (WTI) rose 29 cents, or 0.6%, to $51.46 a barrel.The Organization of Petroleum Exporting Countries (OPEC) and its allies including Russia, known as OPEC+,..