The price of oil rose above $98 per barrel on Thursday after plunging the day before on concern China’s economic slowdown is deepening. Benchmark U.S. crude for April delivery was up 11 cents to $98.19 per barrel at 0830 GMT in electronic trading on the New York Mercantile Exchange. A day earlier, the contract fell $2.04 to close at $97.99, its first close below $100 in a month. Brent crude, used to set prices for international varieties of crude, was down 2 cents to $107.33 on the ICE exchange in London. A decline in Chinese exports in February has fueled worries the world’s second-largest economy is weakening further. Growth in factory output, investment and retail sales, reported Thursday, was unusually weak. Oil prices had been falling after spiking last week on fears Russia’s military incursion into the Crimean Peninsula might lead to U.S. and European sanctions on one of […]