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.

Magiccommodity :

Click Here For Whats App Chat: