OPEC and its allies are debating more aggressive oil output cuts than previously considered after reviewing new data Tuesday that showed the coronavirus’s deepening impact on global oil demand, officials at the cartel said. Delegates from the so-called OPEC-plus alliance are in Vienna for a technical meeting to discuss possible action following the coronavirus outbreak, according to the cartel officials. The virus, which originated in China, has already contributed to a sharp decrease in demand for crude, driving oil prices...

Source: Wall Street Journal February 04, 2020 14:26 UTC