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

Oil prices rose over 1% on Friday, posting 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, posting, 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/H32iBhmt61M/oil-rises-over-1-on-hopes-demand-will-rebound-from-coronavirus-effect-idUSKBN20808Z

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