Oil is stronger after US retail sales calm recession fears
Crude prices rise after falling for two days, but the rebound could be corrective, says analyst
16 August 2019 - 08:48
Tokyo — Crude oil prices rose on Friday following two days of declines, buoyed after data showing an increase in retail sales in the US helped dampen concerns about a recession in the world’s biggest economy.
Brent crude was up 52c, or 0.9%, at $58.75 a barrel at 3.52am GMT, after falling 2.1% on Thursday and 3% the previous day...
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