Oil Hovers Near $50 as Expectations of Urgent OPEC Meeting Fade

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  • Early OPEC meeting this month unlikely: Azerbaijan minister
    WTI futures steady after falling as much as 1.5% earlier
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Oil hovered around $50 a barrel on signs an extraordinary OPEC+ meeting to decide on further production cuts to deal with the demand hit from the coronavirus is looking less likely.

Ministers from the group and its allies are