Oil up over 2% as hopes of OPEC cut, stimulus counter virus gloom

March 2, 2020 admin Business News Comments Off on Oil up over 2% as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose over 2% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.

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Source:: Reuters – Business News