Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s slowing economy and instead latched on to positive supply-side drivers for the market.
Brent crude oil futures LCOc1 were up 12 cents at $62.82 a barrel by 12:27 p.m. EST (1727 GMT), while U.S. crude futures CLc1 rose 19 cents to $53.99 a barrel in a choppy session.
Global equities fell after data pointed to a slowdown in Chinese economic growth in 2018 to a 28-year low. The numbers fed concern that the outlook for global growth may be darkening, particularly given U.S.-China trade tensions.
via Reuters 
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