Oil prices rebound on hopes for OPEC+ supply cuts - Reuters

Oil prices rebound on hopes for OPEC+ supply cuts - Reuters:

Oil prices clawed back ground on Tuesday amid hopes for new output curbs from OPEC and its allies to offset any potential drop in demand triggered by the coronavirus outbreak.

Brent crude stood at $54.88 a barrel by 1135 GMT, up 43 cents, or nearly 0.8%, and U.S. West Texas Intermediate (WTI) crude was up 75 cents, or 1.5%, at $50.86.