Oil prices rose on Friday, reversing some of the previous day's sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India, APA reports quoting Reuters.
Brent crude oil futures were up $1.54, or 2.3%, at $68.60 a barrel by 12:58 p.m. ET (1658 GMT) and West Texas Intermediate (WTI) crude was up $1.45, or 2.3%, at $65.27.