NIFTY 50

Oil rises on short-covering despite growing fears over coronavirus

Updated : February 26, 2020 08:08 AM IST

OPEC and its allies including Russia, a group known as OPEC+, are due to meet in Vienna over March 5-6.
Saudi Arabia's energy minister said on Tuesday he was confident that OPEC and its partners would respond responsibly to the spread of the coronavirus.
Oil output in Libya has fallen sharply since January 18 because of a blockade of ports and oil fields by groups loyal to eastern-based commander Khalifa Haftar.

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