Oil bounces as China, U.S. data ease recession concerns.
Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns.
Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. U.S. West Texas Intermediate crude was at $89.76 a barrel, up 75 cents, or 0.8%.
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