Oil falls as China economic concerns outweigh rising refinery runs

NEW YORK (Reuters) - Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.Benchmark Brent crude oil futures fell 65 cents, or 1.1%, to $59.26 a barrel by 1:06 p.m. EDT (1706 GMT). U.S. West Texas Intermediate (WTI) crude futures lost 34 cents, or 0.6%, to $53.59 a barrel.Both Brent and WTI were on track to lose 2% for the week.China's economic..