Oil rises over 3% as demand worries ease amid fewer new coronavirus cases

NEW YORK (Reuters) - Oil prices rose over 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.Brent futures gained $1.78, or 3.3%, to settle at $55.79 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.23, or 2.5%, to settle at $51.17.Those were the highest settles for both futures since January even though the U.S...