Oil edges up on strong US GDP data but Asia economic woes limit gains

Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world’s largest energy consumer. But concerns about soft economic conditions in Asia’s biggest economies, China and Japan, capped gains. Brent crude futures for September rose 7 cents to $82.44 a barrel by 0014 GMT.Read More