Oil rise on positive news of COVID-19 drug study - Reuters:
Oil rose on Wednesday on hopes for economic recovery and for a clinical trial showing a cheap steroid could help save some critically ill coronavirus patients but fears of a second wave of the virus curbed gains.
Brent crude LCOc1 was up 29 cents, or 0.7%, at $41.25 a barrel at 0825 GMT. U.S. West Texas Intermediate (WTI) CLc1 rose 17 cents, or 0.4%, to $38.55 a barrel.
The World Health Organization (WHO) said it was moving to update its guidelines after results showed the corticosteroid medication dexamethasone cut death rates by around a third among the most severely ill COVID-19 patients.
Yet concerns persist about the spread of the virus in some regions and the risk of second waves where the spread is slowing.
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