Oil hit a six-month low on Wednesday after a brief rally as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline stocks. Figures on Wednesday did little to improve the economic backdrop, showing British consumer price inflation jumped to 10.1% in July, its highest since February 1982, intensifying a squeeze on households. read more Brent crude fell as low as $91.51, the lowest since February, and by 0931 GMT was down 5 cents at $92.29. U.S. West Texas Intermediate (WTI) crude fell 20 cents, or 0.2%, to $86.33. “The oil market is struggling to shake off recession fears, and there is little to suggest that this […]