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Oil Prices Rise Over 1% To Break Two-Day Fall As Recession Fears Recede


Oil prices rose after data showing an increase in retail sales in the US helped dampen concerns about a recession in the world's biggest economy.

Tokyo:

Crude oil prices rose more than 1 per cent on Friday following two days of declines, buoyed after data showing an increase in retail sales in the United States helped dampen concerns about a recession in the world's biggest economy.

Brent crude was up 68 cents, or 1.2 per cent, at $58.91 a barrel at 0650 GMT (12:20 pm in India), after falling 2.1 per cent on Thursday ...


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