Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also helped steady prices. Brent crude (LCOc1) rose 85 cents, or 1.43%, to $60.36 a barrel by 04:18 GMT. U.S. crude was up 75 cents, or 1.4%, at $54.23 a barrel. Financial markets that have been hit by the spread of the new virus out of China and its rising death toll are taking stock of the economic fallout, helped by comments from the head of the World Health Organization...

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PRECIOUS METALS
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ENERGY
Oil gains amid assessment of China virus impact, possible OPEC supply cuts
Wednesday, 29 January 2020 13:40 WIB Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new...
CURRENCIES
Risk currencies steady as investors assess virus fallouts
Wednesday, 29 January 2020 07:59 WIB Risk currencies steadied on Wednesday as investors took stock of the economic damage from the outbreak of the coronavirus originating in China, with...

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