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Oil prices climb as Opec, allies weigh output cuts to cushion coronavirus impact

image SINGAPORE: Oil prices rose on Wednesday, reversing out of a 1 per cent slump in the previous session, boosted by producers weighing further output cuts to counter a potential squeeze on global oil demand resulting from China's fast-spreading coronavirus.

Brent crude oil futures were up 44 cents, or 0.8 per cent, to $54.40 a barrel by 0127 GMT, while US West Texas Intermediate (WTI) crude futures were up 42 cents or 0.9 per c ..

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https://economictimes.indiatimes.com/markets/commodities/news/oil-prices-climb-as-opec-allies-weigh-output-cuts-to-cushion-coronavirus-impact/articleshow/73949078.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst....................................ET

05-Feb-2020