Oil prices were slightly higher on Wednesday with gains limited by the widening ...
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo
Brent crude LCOc1 was up by 6 cents at $57.81 a barrel by 0149 GMT, while U.S. oil CLc1 was up 7 cents at $51.97 a barrel. Both contracts started the Asian session trading lower. Official data showed new cases in Hubei province fell for a second straight day, although the number of deaths increased, and the World Health Organization earlier cautioned there was not enough data to know if the epidemic was being contained.
The grouping, known as OPEC+, has been withholding supply to support prices and is meeting next month to decide a response to the latest downturn in demand resulting from the epidemic.
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