Oil inches higher, but gains capped by widening
economic impact of coronavirus outbreak
Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the
coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the
centre of the outbreak.
Brent crude was up by 6 cents at $57.81 a barrel by 0149 GMT, while US oil was up 7 cents at $51.97 a barrel. Both
contracts started the Asian session trading lower.