Oil Rises on Short-Covering Despite Growing Fears Over Coronavirus
TOKYO (Reuters) – Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. Brent crude rose 42 cents, or 0.8%, to $55.37 a barrel by 0154 GMT, while U.S. West Texas Intermediate crude gained 43 cents, or …
News story posted on 2020-02-26T02:49:00.0000000Z
