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Oil prices witnessed growth continuously for the second day on Tuesday. The market is hopeful that the central banks will act rightly to curb the impact of the coronavirus outbreak. This optimism took Brent on a rise of 2.5% to $53.18 per barrel. Brent increased by 2.8% and was traded at $48.07 a barrel. Further, OPEC and its allies might announce deeper cuts after their meeting on March 5-6.