Oil Prices Rise 1%, on Course for Weekly Gain
Friday, 14 February 2020 18:27 WIB | ENERGY |Oil,Minyak BrentMinyak WTIBrentMinyak

Oil prices rose on Friday and held 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.

Brent crude was up 57 cents or 1% at $56.91 a barrel by 10:24 GMT. It has risen 4.4% since last Friday, its first weekly increase in six weeks.

U.S. West Texas Intermediate (WTI) was 48 cents or 0.9% higher at $51.90 a barrel, up 3.2% for the week.

Source : Reuters

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