Oil Prices Edge Higher, Interest Rate Outlook Limits Gains

Oil Prices Edge Higher, Interest Rate Outlook Limits Gains
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas on Nov. 22, 2019. Angus Mordant/Reuters
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LONDON—Oil prices inched higher on Monday, recovering from an 8 percent fall last week to more than three-week lows, driven by expectations slower growth in major economies may limit fuel use.

Brent crude futures rose 17 cents, or 0.2, to $80.11 a barrel at 0946 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped a cent to $73.38.