Oil prices edged higher on Friday on hopes OPEC and other producers may cut their output further amid falling demand for crude as China battles the coronavirus epidemic. Brent crude LCOc1 futures rose 30 cents, or 0.6%, to $55.23 a barrel by 0945 GMT, but were heading for a fifth weekly loss due to lingering fears over the impact of the virus. U.S. West Texas Intermediate (WTI) crude CLc1 futures were up 21 cents, or 0.4%, at $51.16 a barrel, also heading for a fifth consecutive week of losses. A panel advising the Organization of the Petroleum Exporting Countries and allies led by Russia, known as the OPEC+ group, suggested provisionally cutting output by 600,000 barrels […]