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Oil prices continued its upward journey in the international market on Thursday, buoyed up by the expectations of deeper production cuts to negate the tumbling demand due to the coronavirus outbreak in China. Brent crude climbed 0.3%, to $55.96 per barrel. US WTI rose 0.6%, to $51.46 a barrel. OPEC yesterday decreased its 2020 forecast for the demand of cartel's crude by 200,000 bpd, prompting expectations of deeper output cuts.
