Oil Markets Bounce Back As Coronavirus Fears Fade

It seems that oil markets have decided that the coronavirus worst-case scenario that sent prices below the $50 mark is increasingly unlikely, with WTI now moving back up towards $52. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Friday, February 14th, 2020Oil prices rebounded in the second half of this week, as markets eyed progress in China on the coronavirus. “The market is getting more comfortable that we’ve hit the bottom,” Rebecca Babin,…