Oil rises as WHO declares emergency but opposes travel ban - Reuters

Oil rises as WHO declares emergency but opposes travel ban - Reuters:

Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the new coronavirus that has spread from China to around 20 countries, killing more than 200 people.

Brent crude LCOc1 was up 20 cents at $58.49 a barrel by 1208 GMT but still down 3.6% on the week.

U.S. West Texas Intermediate (WTI) CLc1 rose by 24 cents to $52.38 a barrel, but remained down 3.3% on the week. 


Both benchmarks rose by more than $1 earlier in the session.