Oil mixed as Chinese data offsets coronavirus fears


Source: sharenet.co.za sharenet.co.za

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Oil mixed as Chinese data offsets coronavirus fears * China's economy picked up in fourth quarter * Libyan oil output cut by 200,000 bpd * Stronger dollar weighs on prices (Updates prices) By Bozorgmehr Sharafedin LONDON, Jan 18 (Reuters) - Oil prices were mixed on Monday as a better-than-expected quarterly rebound for China's economy countered fears over soaring COVID-19 cases around the world and tight restrictions that could dent economic growth and fuel consumption. Brent crude was down 5 cents, or 0.1%, at $55.05 per barrel by 1131 GMT while West Texas Intermediate U.S. crude was up 4 cents, or...