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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Bounces as China, US Data Ease Recession Concerns

Oil Recession China United States Texas
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US June 9, 2016. REUTERS/Richard Carson/File Photo

Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on US 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. US West Texas Intermediate crude was at $89.76 a barrel, up 75 cents, or 0.8%.

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