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Oil rises on potential OPEC+ output cuts amid coronavirus outbreak

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LONDON (Reuters) - Oil prices edged higher on Friday on hopes OPEC and other producers may cut their output further amid falling demand for crude as China battles the coronavirus epidemic. Brent crude futures rose 30 cents, or 0.6%, to $55.23 a barrel by 0945 GMT, but were heading for a fifth weekly loss due to lingering fears over the impact of the virus.U.S. West Texas Intermediate (WTI) crude ..
Date Published: Feb 07, 2020
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