Oil rises despite continued coronavirus fears

Investors cover short positions after WTI dipped below a support level of $50 in the previous session

Coronavirus: the spread of the deadly coronavirus has weighed on oil prices but the regained some ground after investors covered short positions when the WTI benchmark dropped below $50 — Coronavirus: the spread of the deadly coronavirus has weighed on oil prices but the regained some ground after investors covered short positions when the WTI benchmark dropped below $50Photo: AFP/SCANPIX

Reuters

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Published 26 February 2020, 04:32Updated 26 February 2020, 04:32