Oil prices turn lower on demand concerns after weak U.S. retail sales
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NEW YORK (Reuters) - Oil prices reversed direction and eased on Thursday after the steepest decline in U.S. retail spending since 2009 heightened investor fears of a global slowdown.U.S. financial markets opened lower and global stock markets erased broad gains after retail sales in the world's largest economy recorded their biggest drop in more than nine years in December.The U.S. economy's outlook was further dimmed by other data showing an unexpected increase in the number of Americans filing..