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Oil jumps as WHO declares emergency but recommends no travel, trade restrictions

Updated : January 31, 2020 08:55 AM IST

Brent crude futures jumped 90 cents to $59.19 a barrel by 0243 GMT, after falling 2.5 percent the previous session. Brent is still down 2.5 percent for the week.
Despite the WHO announcement and the rebound in prices on Friday, analysts remained cautious and warned of further downside risks if the virus continues to spread.

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