Oil prices edged up Friday and held on track for their first weekly gain since early January, backed by expectations that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic. Brent crude LCOc1 was up 6 cents or 0.1% at $56.40 a barrel by 0911 GMT, and has risen 3.4% since last Friday, its first weekly increase in six weeks. U.S. West Texas Intermediate (WTI) CLc1 was 3 cents or 0.1% higher at $51.45 a barrel, up 2.2% for the week. “Oil prices appear to have stabilized this week on optimism that OPEC+ will once again do whatever it takes to tighten output and on hope that the coronavirus peak is nearing,” […]