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OPEC and non-OPEC oil producers have failed to agree a roll over of existing output cuts, two OPEC sources told Reuters.

"It's fake! It's fake!" residents high up in an apartment complex in the central Chinese city of Wuhan shouted down as a senior government official led an inspection tour below of how people were coping during the coronavirus lockdown.

The Trump administration is considering steps to stimulate the U.S. economy amid the coronavirus outbreak, but would prefer targeted action, White House economic adviser Larry Kudlow said on Friday, adding that more information was needed.

European Union officials are considering temporary suspensions of rules on state subsidies and EU loans to economic sectors hit hardest by the coronavirus outbreak, an official said on Friday.

President Donald Trump said on Friday the Federal Reserve should cut U.S. interest rates and stimulate the economy, three days after the central bank slashed interest rates by half a percentage point in an emergency bid to blunt the economic effects of the coronavirus.

Bank of America created a list of possible recession triggers to monitor the state of the markets and the economy.

U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.

Ethiopian crash investigators have tentatively concluded that the crash of a Boeing Co 737 MAX last year was caused by the plane's design, Bloomberg News reported on Friday, citing a draft report being circulated to participants in the probe.

Twenty-one people aboard a cruise ship that was barred from docking in San Francisco have tested positive for coronavirus, U.S. officials said on Friday, adding to the more than 100,000 cases of the fast-spreading illness across the world.

Saudi Arabia limited on Saturday land crossings with the United Arab Emirates, Kuwait, and Bahrain to commercial trucks only, with arrivals from the three countries temporarily limited to three airports as a precaution taken over the spread of the coronavirus, Saudi news agency SPA reported.

Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak.

South Korea on Saturday reported 174 additional coronavirus cases from late Friday, taking the national tally to 6,767, the Korea Centers for Disease and Control and Prevention (KCDC) said.

About a quarter of China's new confirmed cases and almost all of those outside the epidemic's epicenter in Wuhan originated outside the country on Friday, according to official data.

Kuwait suspended on Saturday all flights to and from Egypt, Lebanon, Syria, Bangladesh, Philippines, India, and Sri-Lanka for a week starting on Saturday, Kuwait's civil aviation directorate said in a tweet.

The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela's oil exports, including a move not to renew Chevron Corp's license to do business with state-run company PDVSA, sources familiar with the matter said.