Oil set for best run this year on China’s vow, Libyan disruption
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Global benchmark crude Brent rose for a fifth day, shedding early losses to trade near USD 114 a barrel. The impact of the pandemic on China’s economy is short term and normal conditions will be “rapidly restored” after the outbreak is contained, a spokesperson for the top economic planner said on Tuesday, a day after the central bank moved to aid individuals and small businesses.
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