Oil rose as investors weighed lingering concerns about a global economic slowdown against bullish signals from the US and OPEC. West Texas Intermediate climbed 1.1% to over $89 a barrel, while Brent jumped by 1.4% to almost $95. Oil’s main contracts have both traded in a narrow range for the past few days, though futures are still on track for a weekly loss as fears over a downturn and the potential for more supply from Iran continue to hang over the market. “Liquidity is really poor at the moment so everything is just a lot more volatile — it’s so choppy,” said Sam Culham, an oil broker at GFI Group in London. A bullish Energy Information Administration report offset some of the gloom over a potential recession. US crude stockpiles sank by 7.06 million barrels last week, exports rose to a record and gasoline demand climbed to the highest […]