Oil rises nearly 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 50 cents, or 0.9%, to $56.84 a barrel by 1:05 p.m. EST (1805 GMT). It has risen 4.4% since last Friday, its first weekly increase in six weeks. U.S. West Texas Intermediate (WTI) rose 35 cents, or 0.7%, to $51.77 a barrel...