Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut demand. Brent crude futures climbed $1.43, or 1.5%, to $95.08 a barrel by 0900 GMT. U.S. crude futures gained $1.15, or 1.3%, to $89.26 a barrel. Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February. Futures have fallen over the past few months, as investors have pored over economic data that has spurred concerns about a potential recession that could hurt energy demand. British consumer price inflation jumped to 10.1% in July, its highest since February 1982, intensifying a squeeze on households. read more China’s […]