Oil steady as Chinese data offsets coronavirus fears


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

Key Topics in this News Article:

News Snapshot:

Oil steady 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, adds analysts, changes dateline from Tokyo) By Bozorgmehr Sharafedin LONDON, Jan 18 (Reuters) - Oil prices held steady 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 gained 3 cents, or 0.1%, at $55.13 a barrel by 0938 GMT while U.S. oil was...