LONDON — Oil prices were little changed on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by hopes that potential output cuts from major producers could tighten crude supply. Brent crude was at $57.18 a barrel, down 14 cents, by 1306 GMT after rising 5.2% last week, its biggest weekly gain since September 2019. U.S. West Texas Intermediate crude fell 1 cent to $52.04 a barrel, after a 3.4% gain last week. "Nothing goes down forever, as they say, and oil appears to have finally shaken off its bearish malaise," said Stephen Brennock of oil broker PVM.

Source: International New York Times February 17, 2020 05:51 UTC