Oil Edges Up but Fails to Recoup Losses

By Anonymous

Prices have been pressured by a global equity selloff, rising crude production and signs of weakening demand

LONDON—Oil prices ticked up Friday but remained near a two-week low amid a global equity rout and signs of rising crude supply.

Brent crude, the global benchmark, was up 0.62% to $80.76 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.76% at $71.51 a barrel.