Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China which could cause fuel demand to rebound in the world’s biggest oil importer.

Brent futures rose by 77 cents, or 1.4%, to $56.05 a barrel by 0735 GMT, having risen 2.4% in the last session. U.S. West Texas Intermediate (WTI) futures gained 95 cents, or 1.9%, to $51.70 a barrel after rising 2.3% on Wednesday.

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