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Oil rises for third day as coronavirus impact may spur output cuts

Updated : February 13, 2020 08:43 AM IST

Brent crude rose 17 cents, or 0.3 percent, to $55.96 per barrel at 0217 GMT.
U.S. West Texas Intermediate (WTI) rose 29 cents, or 0.6 percent, to $51.46 a barrel.
OPEC lowered its 2020 forecast for demand for the group's crude by 200,000 bpd.

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