Oil Set for Biggest Weekly Gain in 5 Months as Virus Fear Eases

Via Alex Longley and Grant Smith in yahoo.com via Bloomberg : After several weeks of falling crude prices, Chinese refiners are now snapping up cheap cargoes, taking many traders by surprise. That follows the World Health Organization’s view that the sharp increase in the number of virus cases reported in China’s Hubei province this week doesn’t necessarily reflect a sudden jump in new infections.