Oil firms up on production cut hopes, Nasdaq at record highs
February 05, 2020 at 06:38 AM EST
After seeing prices slashed by 20% from its 2020 peak, oil has started to put up a bit of a fight on hopes that OPEC may intervene and cut output by 500,000 barrels per day due to the coronavirus. US crude is up 2% today at $50.83 per barrel.
