OIL PRICE: NEAR $62
REUTERS - Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.
U.S. West Texas Intermediate (WTI) crude futures were at $53.74 per barrel at 0153 GMT, up 8 cents from their last settlement. They closed down 1.7 percent on Tuesday.
International Brent crude oil futures were at $62.05 per barrel, up 7 cents, after closing down 0.8 percent in the previous session.
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