Oil gains amid assessment of China virus impac

Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also helped steady prices, Trend with reference to Reuters reports.
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OPEC oil output down in December 2019

According to secondary sources, total OPEC-14 preliminary crude oil production averaged 29.44 million barrels per day (mb/d) in December, lower by 161,000 barrels per day (tb/d) month-on-month, Trend reports citing OPEC’s Monthly Oil Market Report.
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