Brent crude futures LCOc1 were up 31 cents, or 0.5%, at $62.35 a barrel by 0741 GMT after falling 1.9% the previous session. U.S. West Texas Intermediate futures CLc1 were up 27 cents, or 0.5% higher at $55.86 a barrel. “(The) sell-off on the ... flu scare was mollified by a timely decline in U.S. crude inventories,” said Stephen Innes, market strategist at AxiTrader. The virus has infected more than 800 so far in China, with 25 dead as of Thursday, according to China’s National Health Commission. The World Health Organisation has declared the situation an emergency, but stopped short of declaring the epidemic of international concern.

Source: GhanaWeb January 24, 2020 07:41 UTC