Oil rebounds over 4% as hopes of OPEC cut, stimulus counter virus gloom

March 2, 2020 admin Business News Comments Off on Oil rebounds over 4% as hopes of OPEC cut, stimulus counter virus gloom

Oil prices jumped more than 4%, up from multi-year lows hit earlier on Monday, 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