London — Oil prices recovered some ground on Wednesday, boosted by a wider market pick-up on positive news from China’s services sector, after three days of losses on fears about a weakening global economy.

Brent crude was up 15c, or 0.26%, at $58.41 a barrel by 8.50am GMT, while US West Texas Intermediate(WTI)  futures gained 24c, or 0.44%, at $54.18 a barrel...

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