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Brent crude prices rally after falling below $50 per barrel on Friday as sustained coronavirus fears triggered low oil demand and weak economic activity worldwide
The international benchmark declined below the key threshold of $50 a barrel at 0930 GMT, while American benchmark West Texas Intermediate (WTI) was trading at $44.98 a barrel at the same time.
Both benchmarks showed some little gains in the following hours, as Brent rose to $50.20 per barrel and WTI reached $45.36 a barrel at 1105 GMT, according to official figures.
While both benchmarks lost around 25% since the beginning of 2020, they
Read more: Oil rallies after going below $50/bbl amid virus fears
