Oil prices ended modestly higher on Thursday as traders weighed the latest developments tied to coronavirus as well as prospects for potential production cuts by the Organization of the Petroleum Exporting Countries and its allies. U.S. benchmark crude futures “found support below $50, which is a breakeven point for many shale producers,” said Marshall Steeves, energy markets analyst at IHS Markit. “There is also the view that Russia will eventually capitulate to the new OPEC+ production cuts.” March WTI oil CLH20, +0.72% rose 25 cents, or 0.5%, to settle at $51.42 barrel on the New York Mercantile Exchange.