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Oil edges up on easing recession fears

FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang
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MOSCOW (Reuters) - Crude oil prices rose on Friday, recovering from two days of declines, after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world's biggest economy.Brent crude was up 38 cents at $58.61 a barrel at 1136 GMT, after falling 2.1% on Thursday and 3% the previous day. U.S. crude was 18 cents higher at $54.65 a barrel, having dropped 1.4%..
Date Published: Aug 16, 2019
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