Oil prices rise about 1%, up from 13-month low as virus cases slow

Oil also got a boost from a rally in world equities, which resumed their climb towards record highs on Tuesday on hopes the virus is peaking.

NEW YORK: Oil prices rose about 1% on Tuesday, up from 13-month lows as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction.

The death toll surpassed 1,000 on Tuesday, though the number of new confirmed cases fell. The epidemic may be over by April, said the Chinese government's top medical adviser on the outbreak.