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Oil rises on likely OPEC+ output cuts amid coronavirus outbreak

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TOKYO (Reuters) - Oil prices advanced on Friday after Russia said it backs a recommendation for OPEC and other producers to cut their output further amid falling demand for crude as China battles the coronavirus epidemic. Brent crude futures rose 24 cents, or 0.4%, to $55.17 a barrel by 0547 GMT, but were heading for a fifth weekly loss amid lingering fears over the impact of the virus.U.S. West..
Date Published: Feb 07, 2020
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