Oil rebounds, but markets ‘twitchy’ over China virus impact on demand
SINGAPORE (Reuters) – Oil prices edged up on Friday, helped by a decline in U.S. crude stockpiles, but were on track for to fall up to 5% for the week on worries that the China coronavirus that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects.
FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford
Brent crude futures LCOc1 were up 24 cents, or 0.4%, at $62.28 a barrel by 0456 GMT after falling 1.9% the previous session. For the week, Brent is down 4%.
U.S. West Texas Intermediate futures CLc1…