Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concerns about a lasting hit to oil demand. The death toll climbed above 1,000 on Tuesday, while the number of new confirmed cases fell. The epidemic may peak in February and then plateau before easing, the Chinese government’s top medical adviser on the outbreak said. Brent crude LCOc1 rose 82 cents to $54.09 a barrel by 1008 GMT. It fell to $53.11 on Monday, the lowest since January 2019. U.S. West Texas Intermediate CLc1 crude was up 72 cents at $50.29. Investors remain wary that China’s oil demand could take a further hit if the coronavirus cannot be contained and if OPEC and its allies, […]