oil price

Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook.

The bounce came after a sharp slide in commodities on Monday due to economic worries, with a key global commodities price index sinking to a 12-year low.

By Olisemeka Obeche (with agency reports)

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