News 14 february — 16:31

Oil prices rise steadily: Brent over $57

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Oil prices rose today and were on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.

According to Reuters, Brent crude futures were up 1.4% at $57.15 a barrel. US West Texas Intermediate (WTI) futures were also up 1.5% at $52.18 a barrel.

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