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Oil rises 1% on hopes demand will rebound from coronavirus effect

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. [Source]

Publication Date:

Origin: reuters.com

Category: businessNews

Topics: coronavirus, early, first, rises, weekly, since, track, prices, hopes, demand, rebound, effect, January, investors, central, stimulus, tackle, slowdown, Chinese, further, economic, impact, would, hoped, short-lived

Source: http://feeds.reuters.com/~r/reuters/businessNews/~3/RBOOmqq4qfc/oil-rises-1-on-hopes-demand-will-rebound-from-coronavirus-effect-idUSKBN20808Z

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